Friedrich Nietzsche's views on income distribution and fairness can best be described by the statement:
A. An efficiently operating marketplace will generate an equal distribution of income without government intervention.
B. Society's goal should be to maximize the welfare of the least well-off, but some inequality is necessary to meet this goal.
C. A high level of income inequality is necessary to sustain the arts, beauty, education, and civilization.
D. The lesser individuals' duty should be to work for the well-being of the brightest individuals.
Answer: D
You might also like to view...
Reserve requirements are highest for
A) transactions deposits. B) bank borrowings from foreign branches. C) federal funds. D) business time deposits.
Unemployment that is caused by business recessions is called
A) frictional unemployment. B) cyclical unemployment. C) seasonal unemployment. D) structural unemployment.
Hardee's announces "buy one get one free" breakfast sandwiches. This is an example of:
A. the use of incentives. B. a macroeconomic decision. C. hoarding scarce resources. D. how people assess the health benefit of fast food breakfast.
In the aggregate demand-aggregate supply model, the short-run effects of an unanticipated increase in the money supply will be
a. lower real interest rates and an increase in aggregate demand. b. higher real interest rates and an increase in aggregate demand. c. lower real interest rates and a reduction in aggregate demand. d. higher real interest rates and a reduction in aggregate demand.