Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 20 - Part VI - Income Inequality and Poverty - Quick Check Multiple Choice - Page 431: 4

Answer

D) outcomes are efficient only if everyone begins with equal opportunity

Work Step by Step

Rawls’s thought experiment of the “original position” behind the “veil of ignorance” is meant to draw attention to the fact that outcomes are efficient only if everyone begins with equal opportunity. This is Rawls' theory.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.