1. The neoclassical case for income equality - Maximizing Total Utility - is based on the principle of diminishing marginal return for money income.[True|False]
2. Keynes's case for income equality is based on the fact that lower-income groups have lower marginal propensity to consume.[True|False]
3. The equality-efficiency tradeoff is an empirical fact that decrease in economic efficiency must accompany an increase in income equality. [True|False]
4. "Optimal level of pollution" means qualitative development without quantitative economic growth.[True|False]