In 2005, Prices Adjusted for Inflation; the U

question 54

Multiple Choice

In 2005, prices adjusted for inflation; the U.S. per capita GDP was about ________ in 1870, and by 2012 it had grown to about ________.

• A) $500; $37,000
• B) $2,800; $43,000
• C) $500; $17,000
• D) $10,000; $37,000
• E) $100; $100,000

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Definitions:

Ethical Egoism

A moral philosophy arguing that individuals should act in their own self-interest and that this is the only moral duty.

Altruistic Explanations

Theories or reasons provided for actions taken for the benefit of others, often without personal gain and sometimes at a cost to oneself.

Stoicism

A classical Greek philosophical approach that emphasizes cultivating self-discipline and resilience to conquer harmful feelings.

Virtue Ethics

An ethical theory that emphasizes the role of character and virtue in moral philosophy rather than either doing one’s duty or acting to bring about good consequences.