In Economics, the Mental or Physical Skills People Have Is

question 5

Multiple Choice

In economics, the mental or physical skills people have is called

• A) personal investment.
• B) human capital.
• C) external education.
• D) intuition.

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Definitions:

Utility

In economics and philosophy, the measure of satisfaction or benefit that an individual receives from a choice or action; in utilitarianism, it's the overall happiness or good produced.

Double Effect

An ethical principle that allows actions which have two effects: one intended and good, and the other unintended and potentially harmful, under certain conditions.

Pleasure

A feeling of happy satisfaction and enjoyment.

Autonomy

The capacity of a rational individual to make an informed, uncoerced decision, often considered a fundamental ethical principle in healthcare.