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According to the maximin criterion, income should be transferred from high-income individuals to low-income individuals as long as it a. raises the well-being of the
According to the maximin criterion, income should be transferred from high-income individuals to low-income individuals as long as it a. raises the well-being of the least fortunate. b. does not alter incentives to work and save. c. promotes an equal distribution of income. d. does not lower the welfare of older adults
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
