Which of the Following Best Describes Utilitarianism

question 117

Multiple Choice

Which of the following best describes Utilitarianism?

• A) Actions are right or wrong based upon whether they produce happiness or unhappiness
• B) Actions are right or wrong based upon their usefulness
• C) Actions are right or wrong based upon our intuitions regarding them
• D) None of the above

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied, typically upward sloping.

Input Prices Rising

A condition where the costs of the raw materials and components needed for production increase.

Fall in the Price

A decrease in the market price of a good or service over a specific period of time.

Number of Sellers

The total count of individual or entities offering a particular good or service in a market.