Which of the Following Is Not Required for a Person

question 15

Multiple Choice

Which of the following is not required for a person to be virtuous, according to Aristotle?

• A) Knowing the right thing to do
• B) Choosing to do the right thing because it benefits oneself personally
• C) Doing the right thing
• D) Making a choice that arises from one's inner character

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Definitions:

External Benefit

Positive effects of a transaction or activity on third parties not directly involved in the transaction, which are not reflected in the market price.

Negative Externality

A negative externality is a cost imposed on a third party not involved in the production or consumption of a good or service, such as pollution.

Positive Externality

A beneficial effect experienced by a third party who did not choose to incur that benefit, often resulting from an individual's or firm's actions.

Corrective Tax

A tax designed to internalize externalities, effectively correcting market outcomes that might otherwise result in social inefficiency.