The Maximin Principle Is Influential Among Philosophers but Less So

question 216

Multiple Choice

The maximin principle is influential among philosophers but less so among economists because economists contend that:

• A) a little bit less income for the worst-off might be acceptable if it comes with a big enough gain to others.
• B) lower average income might be acceptable if income is more equally divided.
• C) higher average income is always better.
• D) a larger income inequality may be acceptable if the worst-off are less productive.

Determine the present value of ordinary general annuities.

Calculate minimum sustenance amount from annuities.

Calculate the amount a finance company would pay for conditional sale contracts based on required rates of return.

Calculate the periodic interest rate for different compounding frequencies.

---

Definitions:

Ethnicity

Denotes a category of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Race

A social construct used to categorize humans into large and distinct groups based on physical characteristics, ancestry, historical affiliations, or shared culture.

Social Justice Competencies

The skills and knowledge required to work effectively for fair and equitable distribution of resources and opportunities in society.

Power Differentials

The imbalances in power and authority between individuals or groups in social, professional, or other contexts.