Bentham's Approach to Punishment Has Been Described as Utilitarianism Because

question 58

True/False

Bentham's approach to punishment has been described as utilitarianism because of its emphasis on the worth an action holds for the individual undertaking it.

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Definitions:

Wages

Monetary compensation paid by an employer to an employee in exchange for work performed.

Long-Run Phillips Curve

A graphical representation suggesting that in the long term, there is no trade-off between inflation and unemployment, showing vertical at the natural rate of unemployment.

Unemployment Rate

The percentage of those in the labor force who are not working but are in search of employment.

Natural Rate

Often refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable rate of inflation, not zero unemployment.