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Which of the following are standard reasons for questioning the validity of using the principle of diminishing marginal utility to justify income transfers from the
Which of the following are standard reasons for questioning the validity of using the principle of diminishing marginal utility to justify income transfers from the rich to the poor? Question 5 options: Some people are easier to satisfy than others. The process of transferring resources is not costless. Shifting resources from rich to poor means shifting resources away from the future poor (by substituting consumption for investment) Envy makes the poor work harder. Material poverty is not the same thing as misery (ie: disutility)
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