A Report Produced by the OECD Suggests That Global Food

question 150

Multiple Choice

A report produced by the OECD suggests that global food prices will increase substantially in the next 10 years. Which of the following would likely cause food prices to rise during this period?

• A) Technological change will increase supply faster than population growth increases demand.
• B) Adverse weather conditions in grain-producing regions of the world will negatively affect production.
• C) The reduction in oil prices has shifted the supply curve to the right.
• D) Governments will institute price controls on food.

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Definitions:

Act Utilitarianism

A form of utilitarianism that assesses each separate act according to whether it maximizes pleasure or minimizes pain, focusing on the consequences of individual actions.

Utilitarian Ethic

A moral philosophy that evaluates the ethical worth of an action based on its consequences, specifically aiming to maximize overall happiness and minimize suffering.

General Welfare

A concept referring to the health, happiness, and fortunes of a person or group.

Consequentialism Critics

Those who critique consequentialism, a moral theory that judges the rightness or wrongness of an action based on its outcomes.