Keep the Highest / 3 S. to reduce poverty Using several types of public policies, the government has attempted to alleviate poverty, with varying success. One example is minimum wage laws. An important effect of this type of policy is that it can result in unemployment among the workers who are affected by the minimum wage. The magnitude of the change in unemployment associated with a minimum wage depends on the elasticity of demand for labor. The more the demand for this type of labor, the lower the unemployment caused by the minimum wage. Grade It Now Save & Continue Continue withent aning S 20 E6 E3 Fa O 8 9 @ 5 6 W # A N O P Y U E R T W K . . G H J D F CAttempts Keep the Highest / 2 3. Redistributive philosophies Complete the following table by selecting the redistributive philosophy that matches each statement. Statement Liberal Utilitarianism Libertarianism Contractarianism The government should choose policies to maximize the total utility of everyone in society. O O O The government should choose policies deemed to be just, as evaluated by an O O O impartial observer behind a veil of ignorance The government should punish crimes and enforce voluntary agreements but not O O O redistribute income. Suppose that Caroline 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 Caroline's view? Liberal Contractarianism Utilitarianism Libertarianism Grade It Now Save & Continue Continue without saving MacBook Air O'S * O