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Refer to the Above Graph

question 85

Multiple Choice

Refer to the above graph.The shift of the budget line from CD to AB is consistent with:

Definitions:

Pragmatism

A philosophical approach that assesses the truth of meaning of theories or beliefs in terms of the success of their practical application.

End Result

The final outcome or conclusion of a process or a series of actions.

Rule Utilitarianism

A form of utilitarianism that says an action is right as it conforms to a rule that leads to the greatest good, or that "the rightness or wrongness of a particular action is a function of the correctness of the rule of which it is an instance."

Act Utilitarianism

A moral theory that suggests an action is right if it leads to the most happiness for the greatest number of people, evaluating each act separately.