An Approach to Ethical Decision Making That Is Based on a Vision

question 2

Multiple Choice

An approach to ethical decision making that is based on a vision of society as a community whose members work together to achieve a common set of values and goals is the ____ approach.

• A) virtue ethics
• B) utilitarian approach
• C) fairness
• D) common good

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Definitions:

Negative Externalities

Costs or disadvantages suffered by a third party due to an economic transaction that they are not directly involved in.

Economic Efficiency

A state in which resources are allocated in a way that maximizes the production of goods and services at the least cost and minimum waste.

Congestion

A state of overcrowding in a space or area, often leading to traffic jams, delayed services, or inefficiency.

Logrolling

A practice in politics where legislators exchange support or votes on issues of mutual interest, often without considering the issues' merit.