Suppose that Rajiv believes that the government should aim to raise the welfare of the poorest people in society because if we all started in the exact same position in life and then created rules and laws to obey as a society, people would be concerned about ending up at the bottom of the income distribution. Which redistributive philosophy is consistent with Rajiv's view?

Question options:

1.Utilitarianism

2.Libertarianism

3.Liberalism

Utilitarianism

Explanation:

Utilitarianism is the philosophy that suggests maximal utility for everyone in the society.Utilitarianism rests on the belief that right or wrong is solely dependent on outcomes (consequences) of choosing one action/policy over other actions/policies. In this way, it takes into consideration the interest of others, moving beyond the scope of one's own interests.

answer; the federal reserve system;

protectionism fosters competition and keeps price regulated is not an argument in favor of protectionism.