John Stuart Mill Thought That the Only Intrinsically Valuable Thing

question 9

Multiple Choice

John Stuart Mill thought that the only intrinsically valuable thing is

• A) desire satisfaction.
• B) happiness.
• C) virtue.
• D) knowledge.

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Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied is equal to the quantity demanded.

Equilibrium Quantity

The measure of goods or services being supplied and demanded at a price point where equilibrium occurs.

Price Of Steel

The cost or market rate at which steel is bought or sold, influenced by demand, supply, production costs, and global market trends.

Price Of Gasoline

The cost per unit volume of gasoline, which can vary depending on factors such as oil prices, taxes, and demand.