A Real-World Difficulty of Applying Utilitarianism Is That

question 16

Multiple Choice

A real-world difficulty of applying utilitarianism is that:

• A) It can be difficult to identify all stakeholders affected by a decision
• B) It can be difficult to measure utility
• C) Some benefits, such as the enjoyment of privacy, are difficult to quantify
• D) All of the above

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Definitions:

Housing Bubble

A temporary condition characterized by an unusual increase in housing prices fueled by demand, speculation, and exuberant spending to the levels that income levels do not support.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping to the right indicating inverse relationship between price and quantity demanded.

Normal Good

A good for which demand increases as the income of the consumer increases, and vice versa.

Income Increase

Refers to a rise in the amount of money earned by an individual or entity, which can affect purchasing power and economic status.