3 A utilitarian believes that the redistribution of income from the rich to the poor is worthwhile...

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3 A utilitarian believes that the redistribution of income from the rich to the poor is worthwhile as long as a the worst-off members of society benefit from it.

b those contributing to the system are in favour of it.

c each person's income, after taxes and transfers, reflects his marginal product.

d the distortion effect on work incentives is not too large.

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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Question Posted: Nov 04, 2024 08:00 AM

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3 A utilitarian believes that the redistribution of income from the rich to the poor is worthwhile...

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Principles Of Microeconomics

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