Utilitarianism Refers to the Theory That Suggests Actions Are Taken

question 98

True/False

Utilitarianism refers to the theory that suggests actions are taken out of duty and obligation to a purely moral ideal, rather than based on the needs of the situation.

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Definitions:

Relative Purchasing Power Parity

Relative Purchasing Power Parity (RPPP) is an economic theory which postulates that the rate at which the exchange rate between two currencies will change over time is equivalent to the rate at which their purchasing power converges, essentially due to inflation rates differences.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Long-Run Exchange Rate Risk

The potential for financial loss over time due to fluctuations in foreign exchange rates affecting international investments and transactions.

International Firm

A company that conducts its operations and business activities in more than one country.