The Utilitarian Theory of Ethics Does Not Require

question 25

Multiple Choice

The utilitarian theory of ethics does not require

• A)a choice among alternatives to produce the maximum societal utility.
• B)a determination of whom an action will affect.
• C)an assessment of the effects of alternatives on those affected.
• D)the acquiring of the means of production by workers.

Understand the principles and benefits of international trade.

Grasp the concepts of absolute and comparative advantage and their application in international trade.

Analyze the effects of tariffs, quotas, and other trade barriers on global trade and domestic markets.

Identify the economic rationale behind the imposition and impact of tariffs and quotas.

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Definitions:

Normative

Relating to an ideal standard or model, or based on what is considered to be the normal or correct way of doing something.

Complement

A term used in various contexts, often denoting a thing that completes or goes well with another.

Interests

Activities, subjects, or areas that capture the attention, curiosity, or concern of an individual or group.

Goals

Targets or outcomes that an individual or group endeavors to achieve, often requiring planning and effort.