The Famous Statement "Act as If the Maxim of Thy

question 42

Multiple Choice

The famous statement "Act as if the maxim of thy action were to become by thy will a universal law of nature" is called

• A)categorical imperative.
• B)economic imperative.
• C)philosophy of action.
• D)rule of deontologists.
• E)utilitarianism.

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Definitions:

Saving

The portion of income not spent on current consumption, but rather set aside for future use, often by depositing in financial institutions or investing.

Households

Units consisting of one or more persons living in the same dwelling and sharing meals or living accommodation; it is the basic unit in a society for consumption and decision making.

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities.

Government

The governing body of a nation, state, or community, responsible for making and enforcing laws, policies, and regulations.