Asked by Melissa Shular on May 16, 2024
Verified
According to the ideas behind utilitarian justice, a dollar in the hands of a rich person is worth less than a dollar in the hands of a poor person.
Utilitarian Justice
An ethical framework that assesses actions based on their consequences, aiming to maximize overall happiness and minimize suffering.
Dollar Worth
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
- Familiarize yourself with the contribution of marginal utility to income redistribution and its repercussions on total utility.
Verified Answer
GM
gulsoom muhammadiMay 22, 2024
Final Answer :
True
Explanation :
Utilitarian justice, which focuses on maximizing overall happiness, suggests that a dollar has more utility or value to a poor person because it represents a larger proportion of their resources and can significantly impact their well-being, compared to a rich person for whom it might have negligible utility.
Learning Objectives
- Familiarize yourself with the contribution of marginal utility to income redistribution and its repercussions on total utility.
Related questions
If Rachel Bought Too Many Hot Dogs,her Marginal Utility Would ...
As a Young Man,my Great-Uncle Ate 13 Banana Splits on ...
If the Marginal Utility from Consuming the Fifth Unit of ...
Children Who Dislike Brussels Sprouts Exemplify the Notion That the ...
If a Product Has a Diminishing, but Positive, Marginal Utility ...