Which of the Following Programs to Alleviate Poverty Would Be

question 80

Multiple Choice

Which of the following programs to alleviate poverty would be most favored by philosopher Robert Nozick and why?

• A)A negative income tax because it would maximize the minimum income of members of society.
• B)An Earned Income Tax Credit (EITC) because a policy that rewards the working poor would be the most just.
• C)An in-kind transfer program because it would maximize the total utility of all members of society.
• D)None of the programs would be favored because each of them forcibly redistributes income that was fairly, if not equally, earned.

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Definitions:

Osmolality

A measure of the number of solute particles in a kilogram of solvent, reflecting the concentration of solutes in a fluid.

ADH Release

Antidiuretic hormone (ADH) release is a process triggered by the hypothalamus that instructs the pituitary gland to release ADH into the bloodstream, which helps control the balance of water in the body.

Real Purchasing Power

The amount of goods and services that can be purchased with a unit of currency, taking into account changes in prices due to inflation or deflation.

Income Effect

The change in an individual's consumption choices resulting from a change in real income, due to price changes or income changes.