________ Is a Teleological Ethical Theory Because It Focuses on Results

question 68

Multiple Choice

________ is a teleological ethical theory because it focuses on results by maximizing total social welfare.

• A)Rights theory
• B)Kantian theory
• C)Deontological theory
• D)Profit maximization theory

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Definitions:

L-shaped

Referring to a graph shape, usually indicative of certain economic recovery patterns, representing a rapid fall followed by a prolonged period of stagnation.

Indifference Curves

Graphical representations in microeconomics to illustrate different combinations of two goods that provide a consumer with the same level of satisfaction or utility.

Equation

A mathematical statement that asserts the equality of two expressions, typically used in modeling economic relationships.

Indifference Curve

A graph representing combinations of various goods or bundles of goods giving the consumer equal satisfaction and utility, thus making the consumer indifferent.