Exam 21: Economics, Ethics, and Public Policy

In New York City, there was a debate whether to (1) retrofit the city's buses for wheelchair access, or (2) pay the taxicab fares of the disabled. Proponents for making the buses handicapped accessible were motivated by concerns of:

Explain the central idea behind the Rawlsian maximin principle.

In which case does meddlesome preferences interfere with standard economic reasoning?

Which case is the most exploitative? I. Phil buys a kidney from Ron. II. Phil pays Ron to cut his lawn. III. Phil pays Ron for tax advice.

In what way is economics an ethical discipline?

California voted in a law that says that horsemeat cannot be sold for human consumption.

At a price of zero, there is a(n):

Which statement is TRUE?

Robert Nozick's theory is also known as:

The main difference between utilitarians and Rawlsians is that:

Discuss the role for government if markets fail to provide fair and equal treatment? Explain.

John Rawls's A Theory of Justice argued that questions of income and wealth distribution are keys for evaluating trade policy.

Robert Nozick would be concerned about the vast amount of wealth accumulated by Lady Gaga, most likely suggesting that part of her wealth be redistributed to the less fortunate.

When it comes to redistribution, a utilitarian approach tries to determine which people can generate the greatest income with additional utility.

In general, economists believe that immigration is:

Robert Nozick's entitlement theory states that the distribution of income in a society is just if:

Robert Nozick's entitlement theory of justice is also known as the:

The phrase "A society that puts equality before freedom will get neither" reflects the basic ideas of Rawls.

If kidney trades were legal, then those people that voluntarily gave up one of their kidneys for money:

Robert Nozick's entitlement theory of justice argues that the distribution of income is: