Any Society Bound by a Contract Calling for an Income

question 147

Multiple Choice

Any society bound by a contract calling for an income distribution that would maximize the well-being of the worst-off member of society would allow for inequality if that inequality

• A) was justified by differences in individuals' productivity.
• B) had the effect of improving the lot of the very poor.
• C) could not be reduced without making someone worse off.
• D) was justified by the needs of individuals.

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Definitions:

Ignorance

The lack of knowledge, understanding, or awareness about something.

Profit Maximization

A company's goal to achieve the highest possible financial gain from its operations, within legal and ethical boundaries.

Criminally Negligent

Behaving in a reckless or careless manner that results in harm to others, without the intent to cause harm.

Health and Safety

Policies, procedures, and practices designed to prevent injury, illness, and accidents in the workplace or public environments.