Nonconsequentialist Theories of Ethics Never Consider the Consequences of an Action

question 9

True/False

Nonconsequentialist theories of ethics never consider the consequences of an action or rule when making a moral judgment.

Distinguish between different types of probability distributions (e.g., Bernoulli, Poisson).

Understand the application of cumulative distribution functions.

Understand the properties and behaviors of different probability distributions including normal, exponential, triangular, and uniform distributions.

Calculate probabilities and parameters (mean, variance, expected value) for various probability distributions.

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Definitions:

Liquidity Preference Theory

A theory which suggests that people prefer to hold their wealth in liquid form for immediate use rather than in longer-term investments, affecting interest rates and economic activity.

Overall Price Level

A comprehensive measure reflecting the general prices of goods and services in an economy at a given time, similar to the average cost of living.

Interest Rate

The percentage of a loan amount charged by lenders to borrowers for the use of their money, expressed as an annual percentage.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing what is lost by choosing one option over another.