An Unequal Distribution of Income Is Considered Fair According to Robert

question 103

Multiple Choice

An unequal distribution of income is considered fair according to Robert Nozick if

• A) marginal cost equals marginal benefit.
• B) the cost of administering a welfare system is minimized.
• C) property rights are enforced and voluntary exchange occurs.
• D) the economy is producing its maximum total output.
• E) resources are allocated using the command method.

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Definitions:

High Deductible Health Plan

A High Deductible Health Plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan, often linked to Health Savings Accounts (HSAs).

Health Savings Account

An account that allows individuals with high-deductible health plans to save money tax-free for medical expenses.

Out-Of-Pocket Expenses

Costs that an individual must pay out of their own cash reserves, including medical expenses, business expenses not reimbursed, and other personal expenditures.

Self-Employed Health Insurance

A deduction that allows self-employed individuals to deduct 100% of their health insurance premiums from their taxable income.