According to the Sum Total of Utilities,we Can Be Satisfied

question 27

True/False

According to the sum total of utilities,we can be satisfied if an act provides the greatest utility to an individual even if it does not provide the greatest utility to society as a whole.

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Definitions:

Gain From Trade

The benefit or advantage resulting from the exchange of goods or services between parties.

International Trade

The movement of goods and services across the demarcations of international borders or territories.

Benefit All

A principle or approach aimed at ensuring policies or actions lead to positive outcomes for the entire population or group involved, not just a select few.

Citizens

Members of a particular nation or state who are recognized under the law as legal members of that nation, entitled to rights and subject to its obligations.