Multiple Choice
An unequal distribution of income is considered fair according to Robert Nozick if
A) marginal cost equals marginal benefit.
B) the cost of administering a welfare system is minimized.
C) property rights are enforced and voluntary exchange occurs.
D) the economy is producing its maximum total output.
E) resources are allocated using the command method.
Correct Answer:

Verified
Correct Answer:
Verified
Q98: When a market is efficient,the<br>A) sum of
Q99: When society must decrease the production of
Q100: Marginal cost equals<br>A) the profitability derived from
Q101: If the difference between the marginal benefit
Q102: A quantity less than the equilibrium quantity
Q105: Honda will sell its vehicles to anyone
Q106: If the market for bicycles is efficient,then<br>A)
Q107: Which of the following statements is correct?<br>A)
Q108: Assume the Nozick rules are being followed
Q423: "Allocative efficiency requires that the maximum number