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.

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Definitions:

Intermediate Products

Goods used as inputs in the production of other goods, including raw materials, components, and subassemblies.

Market Value

is the amount for which something can be sold in a given market at a particular time.

Final Products

Goods and services that have completed the production process and are intended for final consumption or investment.

Value Added Approach

This is a method for calculating GDP that sums the values added at each stage of production, avoiding the double-counting of intermediate goods.