Which of the Following Is an Example of Utilitarianism

question 192

Multiple Choice

Which of the following is an example of utilitarianism?

• A) Throwing an elderly person from a life raft with too much weight to continue floating in order to save the lives of 15 others.
• B) Denying hip replacement surgery to an 83-year-old patient because the facilities and physicians are needed for preserving the life of a 35-year-old scientist whose research focuses on a cure for Alzheimer's.
• C) Neither a nor b
• D) Both a and b

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Definitions:

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another, fundamental for international trade and investment.

Relative PPP

Stands for Relative Purchasing Power Parity, a theory that suggests that in the long term, exchange rates should adjust so that similar goods cost the same in different countries.

UIP

Uncovered Interest Parity, a financial theory stating that the difference in interest rates between two countries will equal the expected change in exchange rates between their currencies.

Spot Exchange Rate

The current exchange rate at which currencies can be exchanged for immediate delivery, reflecting the market's immediate valuation.