3. Redistributive philosophies Complete the following table by selecting the redistributive philosophy that matches each statement. Statement The government should choose policies to maximize the total utility of everyone in society. The government should punish crimes and enforce voluntary agreements but not redistribute income. The government should choose policies deemed to be just, as evaluated by an impartial observer behind a veil of ignorance. Which redistributive philosophy is consistent with Van's view? Utilitarianism Suppose that Van believes that the progressive U.S. tax system is great for society. By taking money from the rich and giving it to the poor through transfer payments, overall utility increases, because that money increases the utility of the poor by more than it decreases the utility of the rich due to diminishing marginal utility. Liberal Contractarianism Utilitarianism O Libertarianism Libertarianism Liberal Contractarianism

3. Redistributive philosophies Complete the following table by selecting the redistributive philosophy that matches each statement. Statement The government should choose policies to maximize the total utility of everyone in society. The government should punish crimes and enforce voluntary agreements but not redistribute income. The government should choose policies deemed to be just, as evaluated by an impartial observer behind a veil of ignorance. Which redistributive philosophy is consistent with Van's view? Utilitarianism Suppose that Van believes that the progressive U.S. tax system is great for society. By taking money from the rich and giving it to the poor through transfer payments, overall utility increases, because that money increases the utility of the poor by more than it decreases the utility of the rich due to diminishing marginal utility. Liberal Contractarianism Utilitarianism O Libertarianism Libertarianism Liberal Contractarianism

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 2.2P

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