The Ethical Principle That States, "We Should Always Act So

question 78

Multiple Choice

The ethical principle that states, "we should always act so as to produce the greatest ratio of good to evil for everyone" is

• A) deontology.
• B) virtue ethics.
• C) utilitarianism.
• D) hedonism.

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Definitions:

Real Factors

Real factors typically refer to tangible inputs and conditions affecting economic outcomes, such as resources, technology, and workforce skills, as opposed to financial inputs.

Quantity Theory

An economic theory proposing a direct relationship between the amount of money in an economy and the level of prices of goods and services.

Money Supply

The comprehensive sum of available financial assets within an economy at a designated moment.

Price Level

A measure of the average prices of goods and services in the economy at a given time.