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  3. 3 5 pts each in the table below consider four...

Question: 3 5 pts each in the table below consider four...

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3. (5 pts each) In the table below, consider four societies with four people of differing incomes: Person Society A Society B Society cety 1,002 2,200 2,1002,050 Person 2,001,0001,100 Person 3 Person 4 800 600 850 650 450 800 600 998 a) If you had an equal probability of being one of the persons (ie, 25% chance) which society would you prefer to live in? Why? b) According to Rawls Maximin principle, which society is worse off? Why? c) Suppose the poverty threshold is S1,000 and below, what are the poverty rates in each society?
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