Economists Once Believed Utility Could Be Measured

question 250

Multiple Choice

Economists once believed utility could be measured. The philosophical school based on the thought known as utilitarianism was developed by the English philosopher

• A) Jeremy Bentham.
• B) Henri Leconte.
• C) John Lennon.
• D) Bernard Mandeville.

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Definitions:

False Token

A counterfeit or fake symbol, object, or piece of information used to deceive or commit fraud.

Counterfeit Money

Fake currency produced without the legal sanction of the state or government, intended to imitate and replace genuine money.

Piaget's Views

Theoretical perspectives on cognitive development proposed by Jean Piaget, emphasizing stages of growth from infancy to adolescence through which children's understanding of the world changes.

Developmental Level

A stage or phase in the growth or advancement of an individual, characterized by specific milestones in physical, emotional, or intellectual capacity.