A Rule-Utilitarian Thinks That Rule Following__________

question 3

Multiple Choice

A rule-utilitarian thinks that rule following__________.

• A) reflects reality
• B) is the right thing to do
• C) best maximizes well-being in the short term
• D) best maximizes well-being in the long run

---

Definitions:

Free Enterprise

An economic system based on private ownership and the freedom of individuals to start and manage their own businesses.

Laissez-Faire Economy

An economic system in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.

Coordinating Mechanism

A system or process used to organize and harmonize different activities or parties so that they work together efficiently towards a common goal.

Laissez-Faire Economies

Economic systems in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.