Rawls's Maximin Principle Is Based On

question 139

Multiple Choice

Rawls's maximin principle is based on:

• A) minimizing the income of the wealthiest in society.
• B) trade-offs between efficiency and equity.
• C) finding the Nash equilibrium for society.
• D) maximizing the benefits to the most disadvantaged group in society.

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Definitions:

Parameter

A numerical characteristic or measure that describes an aspect of a population.

Statistic

A single measure that is calculated from data to summarize or describe a characteristic of a sample.

Sample

A selection of individuals or items from a larger group or set that is used to gather and analyze data representative of the whole.

Negatively Skewed

Describes a distribution of data where the tail is longer on the left side of the distribution's peak, indicating a larger number of lower values.