________ Sees the Morality of an Action Is Determined by Its

question 37

Multiple Choice

________ sees the morality of an action is determined by its ultimate effects.

• A)Ethical relativism
• B)Social contract theory
• C)Utilitarianism
• D)Natural law

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Definitions:

Government Spending

Expenditures made by the government of a country on collective needs and wants such as infrastructure, public safety, education, and healthcare.

Public Debt

Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.

Budget Deficits

The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.

Federal Budget Deficit

The shortfall when a government's total expenditures exceed its total revenue for a specific fiscal period, leading to borrowing or the depletion of reserves.