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:

Distribution Resource Planning

A method used in business logistics management for planning orders within a supply chain, to ensure that distribution is completed efficiently and inventory levels are kept optimal.

Time-Phased Stock

Inventory planning and control approach that accounts for changes in demand and supply over different time periods, often used in material requirements planning (MRP).

Distribution Network

The interconnected group of storage facilities and transportation systems that move goods from manufacturers to consumers.

System Nervousness

Frequent changes in an MRP system.