Ethical Egoism Is the Theory That

question 12

Multiple Choice

Ethical egoism is the theory that:

• A)the right action is the one that advances everyone's best interests equally.
• B)one's only moral duty is to promote the most favorable balance of good over evil for all concerned.
• C)the right action is the one that advances one's own best interests.
• D)the right action is the one most consistent with the goal of selfishness.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good or service supplied is equal to the quantity demanded, resulting in no net surplus or shortage in the market.

Natural Gas

A fossil fuel used as a source of energy for heating, cooking, and electricity generation, consisting primarily of methane.

Supply And Demand

The fundamental economic model that explains the interaction between the quantity of a good or service that producers wish to sell and the quantity that consumers wish to buy.

Standardized Product

A product that is uniform in quality and characteristics, produced in large volumes, and by many different firms.