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What determines the morality of the intentions behind one's actions, according to utilitarianism?
International Trade
The exchange of goods and services between countries, driven by comparative advantages and resulting in increased global economic interaction.
Autarky Price
The price of a good within a closed economy that does not engage in trade with external entities.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
Autarky Price
The price of a good in a country without international trade, determined solely by domestic supply and demand.
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