A Society Consists of Three Individuals: Sam, Tristan, and Ulyana

question 356

Multiple Choice

A society consists of three individuals: Sam, Tristan, and Ulyana. In terms of income and utility, Sam is currently best-off, Tristan ranks in the middle, and Ulyana is worst-off. Which of the following statements is correct?

• A)Utilitarianism suggests that government policies should strive to maximize Ulyana's utility.
• B)Liberalism suggests that government policies should strive to increase Ulyana's utility.
• C)Libertarianism suggests that government policies should strive to improve Tristan's utility at the cost of Sam's utility.
• D)Libertarianism suggests that government policies should strive to make Sam, Tristan, and Ulyana equally well off.

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Definitions:

Labor Force

The total number of people available to work, including both the employed and those actively seeking employment.

Issues Management

The process by which an organization identifies, assesses, and responds to potential or actual issues that could impact its operations, reputation, or profitability.

Economic

pertains to the production, distribution, and consumption of goods and services and how societies allocate their resources.

Technological

Pertaining to technology; involving, using, or relating to the application of scientific knowledge for practical purposes.