5 Suppose there are two possible income distributions in a society of 10 people. In the first...
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5 Suppose there are two possible income distributions in a society of 10 people. In the first distribution, nine people have incomes of $60 000 and one person has an income of
$20 000. In the second distribution, all 10 people have incomes of $50 000.
a If the society had the first income distribution, what would be the utilitarian argument for redistributing income?
b Which income distribution would Rawls consider more equitable? Explain.
c Which income distribution would Nozick consider more equitable? Explain.
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Related Book For
Principles Of Microeconomics
ISBN: 125206
8th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw
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