Question
Question 7 (0.34 points) To opt for the state that maximizes the utility of the person in the worst position, or to maximize the minimum
Question 7 (0.34 points)
To opt for the state that maximizes the utility of the person in the worst position, or to maximize the minimum utility follows the:
Question 7 options:
Rawls Criteria. | |
Common happiness and social wellbeing. | |
Utility maximisation for rational individuals. | |
Pareto Criterion. |
Question 8 (0.33 points)
The Easterlin Paradox states that:
Question 8 options:
Happiness is based on relative rather than absolute income. | |
Despite increases in personal income over time, people were not reporting an increasing level of happiness. | |
If happiness and income are compared at any point in time, those with more income are, on average, happier than those with less. | |
Happiness adapts to changes in the level of income. |
Question 9 (0.34 points)
Real GDP per capita:
Question 9 options:
Is a measure of the total goods and services produced in a country (calledgross domestic product, orGDP), which is then divided by the country's population | |
Is GDP per capita considering international prices and purchasing power across countries. | |
All of the above | |
Is GDP per capita taking account of price changes over time |
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