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    Principles of Microeconomics Study Set 10
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    Exam 20: Income Inequality and Poverty
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    "An Extra Dollar of Income Gives More Additional Satisfaction to a Poor
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"An Extra Dollar of Income Gives More Additional Satisfaction to a Poor

Question 58

Question 58

Multiple Choice

"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?


A) utilitarianism
B) liberalism
C) libertarianism
D) republicanism

Correct Answer:

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