The utilitarian view of equity would lead to:
A) equal allocations of goods across all persons.
B) maximizing the utility of the least-well-off person.
C) maximizing the total utility of all society members.
D) none of the above
C
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Explain why a production quota is inefficient
What will be an ideal response?
All totaled, local, state, and federal governments spend ________ on police, the judiciary, and prisons.
A. $21.4 billion B. $265 billion C. $19.7 trillion D. $214 million
Given the data in Table 6.1, the labor force participation rate of Metropolis is approximately
A) 96 percent. B) 91 percent. C) 83 percent. D) 78 percent.
When talking about forward contracts, the date on which the contracted delivery must take place is called:
A) the settlement date B) the counterparty date C) forward date D) spot date