According to the principle of utilitarianism:
A. society should place equal weight on the well-being of every individual.
B. society should place all weight on the well-being of its worst-off member.
C. society should place all weight on the well-being of its best-off member.
D. equal division of society's resources among all members of the population is the most equitable outcome.
A. society should place equal weight on the well-being of every individual.
You might also like to view...
If a Japanese importer could buy $1,000 U.S. for 122,000 yen, the rate of exchange for one dollar would be ________.
A. 1,220 yen B. 122 yen C. 820 yen D. 8.19 yen
If the expected inflation rate is unchanged, a fall in the natural rate of unemployment would
A) shift the short-run Phillips curve to the right. B) not shift the short-run Phillips curve. C) shift the short-run Phillips curve to the left. D) shift the short-run Phillips curve to the left and shift the long-run Phillips curve to the right.
Which of the following is a political function of government but is NOT a central economic function?
A) determining who has a right to vote B) determining government-sponsored and government-inhibited goods C) providing a legal system to adjudicate property rights D) redistributing income from some individuals to others
Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents the final consumer goods and services?
A. Arrow A B. Arrow B C. Arrow C D. Arrow D