ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Complete the following table by selecting the redistributive philosophy that matches each statement.
Statement
Utilitarianism
Libertarianism
Liberalism
The government should punish crimes and enforce voluntary agreements, but not redistribute
income.
The government should choose policies to maximize the total utility of everyone in society.
The government should choose policies deemed to be just, as evaluated by an impartial
observer behind a "veil of ignorance."
Suppose that Clancy believes that the government should aim to raise the welfare of the poorest people in society, because if we all started in the
exact same position in life and then created rules and laws to obey as a society, people would be concerned about ending up at the bottom of the
income distribution.
Which redistributive philosophy is consistent with Clancy's view?
O Liberalism
O Libertarianism
O Utilitarianism
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Transcribed Image Text:Complete the following table by selecting the redistributive philosophy that matches each statement. Statement Utilitarianism Libertarianism Liberalism The government should punish crimes and enforce voluntary agreements, but not redistribute income. The government should choose policies to maximize the total utility of everyone in society. The government should choose policies deemed to be just, as evaluated by an impartial observer behind a "veil of ignorance." Suppose that Clancy believes that the government should aim to raise the welfare of the poorest people in society, because if we all started in the exact same position in life and then created rules and laws to obey as a society, people would be concerned about ending up at the bottom of the income distribution. Which redistributive philosophy is consistent with Clancy's view? O Liberalism O Libertarianism O Utilitarianism
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