Stealing from the Rich to Give to the Poor

question 10

Multiple Choice

Stealing from the rich to give to the poor:

• A) Definitely violates the precepts of deontology
• B) Definitely violates the precepts of consequentialism
• C) Is a categorical imperative
• D) Is a classic example of the reversibility principle

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Definitions:

Economic Theory

A collection of theories and frameworks that describe the workings of economies and the interactions between economic participants.

Communications

The act or process of exchanging information and ideas through various mediums and platforms.

Transaction Costs

Expenses incurred when buying or selling goods and services, encompassing fees, taxes, and other costs.

Middlemen

People who buy and sell goods or services or arrange trades. A middleman reduces transaction costs.