What approach to fairness argues in favor of government policies that redistribute income so that there is more equality of income?
What will be an ideal response?
The general approach to fairness that argues in favor of government redistribution is a "fair results approach," that is, an approach that argues "it isn't fair unless the results are fair." In this view, more (perhaps even complete) equality of income is the fairest income distribution. So this view asserts that government policies to redistribute income are necessary for fairness.
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Because of the significant snow fall in the plains this year, the supply of fertilizer to Washington State's apple farmers substantially decreased. As a result, the price of fertilizer has increased in Washington State. This statement indicates the
A. amount of apples that will be available at various prices will decline. B. price of apples will decrease. C. demand for apples will necessarily decrease. D. supply for apples will necessarily increase.
Refer to the graphs shown. If the quantity demanded by consumers is the same for every price, then the demand curve would look like:
A. I. B. II. C. III. D. IV.
For all goods, the long run demand curve is always more elastic than the short run demand curve
Indicate whether the statement is true or false
What should be the impact on a bank's return on assets and return on equity from increased use of off-balance-sheet activities?
What will be an ideal response?