The Following Table Contains Hypothetical Data for the U

question 49

Multiple Choice

The following table contains hypothetical data for the U.S. balance of payments in a year. Answer the following question on the basis of these data. All figures are in billions of dollars. U.S.
Refer to the table above. If there was a net inflow of $7 billion in official reserves in the capital and financial account that year, the United States experienced a balance-of-payments:

• A) Surplus of $7 billion
• B) Deficit of $7 billion
• C) Surplus of $99 billion
• D) Deficit of $99 billion

Explain the role of the hedonistic calculus in evaluating actions according to utilitarian theory.

Describe consequentialism and how it relates to utilitarianism.

Assess the implications of utilitarianism for public policy and morality.

Recognize criticisms of utilitarianism, including its approach to individual rights and equality.

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Definitions:

Theory of Emotion

A conceptual framework that seeks to explain how emotions are experienced, how they are triggered, and the relationship between emotion, cognition, and behavior.

Arousal

A physiological and psychological state of being awoken or stimulated to action, often characterized by increased heart rate, alertness, and energy.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.

Motivational Theories

Psychological theories that aim to explain what motivates individuals to behave in certain ways, including factors that drive motivation and influence behavior.