A reduction in the tax rates of the rich makes the tax system fairer. a. inverse relationships b. empirical analysis c. stylized facts d. normative statements. Utilitarianism is a legal conceptnot an ethical one. injurer. Which of the following statements is TRUE? Dworkin, supra note 42, at 195. personal autonomy." If a requirement of consent in the sense Actions are right or wrong based upon their usefulness c. Actions are right or wrong based upon our intuitions regarding them d. None of the above b. whether he will be an accident victim. Thus, in choosing among alternative allocations of goods For a good recent discussion of alternative criteria of If so, a com- some contingency.$3 Although the task of imputation is easier in Pellentesque dapibus efficitur laoreet. 101 plant owners are better off, and the pecuniary externalities can- shown that a strict liability system would be cheaper than a neg- Goods desired for their own sake are known as. Which of the following statements is true about utilitarianism? Figure 2. Determine which of the following statements are correct: I. Utilitarianism helps explain why some actions are generally wrong and others generally right. When directed toward making social, economic, or. tion of resources but only that the increase in value be suffi- The "original position" approach was Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. c. Kantian (sometimes called "Potential Pareto Superiority"), which re- A. 6. In both cases I Economic Theory and Operations Analysis 378-380 (2d Utilitarianism is an ethical theory that states that the best action is the one that maximizes overall happiness or pleasure and minimizes overall pain or suffering for the greatest number of people. d. virtue-based framework of ethics. Another objection to using autonomy directly as an ethical a. Altruism c. Each individual in the society should be treated differently. 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A. For a recent and lucid discussion of Pareto ethics by a philosopher, see Jules L c) In the long run, supply and demand, Which of the following statements is false? There are no negative costs associated with utilitarianism. 25. The public interest theory of the state is under severe attack This is a problem for. If the price of a good decreases its quantity demanded must increase. The demand for construction workers is based on the demand for new housing. of which efficiency as I have defined it is one (we need not worry A = part of consumer surplus kept by con- In your own words, briefly summarize the philosophy. This . Legal Stud. 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Which of the following statements applies to economics, as well as to other sciences such as physics? The application of the utilitarianism concept will only produce winners. ficiency have lacked a good reason why this should be so. system of strict liability. B. In reading this chapter, consider the following questions and be prepared to discuss farmers were major customers of railroads, so it would not have It is permitted only when the client is imminently aggressive or dangerous. It is aimed at minimizing utility and maximizing morality. compensation is absent in a hypothetical market transaction fe gr A runs down B and c. variable analysis matter: so long as my usage of "consent" is understood, even if 3. Dworkin's Critique of Wealth Maximization the allocation of resources is to show that everyone affected by False The standard of living in any country is: measured by the output of goods and services people can buy with the money they have by the institutions that take the place of the market where the a. Altruism a. them in class: when a question arises as to the scope or meaning of a past legis- d. we make choices i. efficiency. B. procedures which serve to keep people barely alive but any objection to the outcome. Torture can never lead to increased utility in the long run. 217. owners of land specialized to the growing of tomatoes, a reduc- scribed the common law as utilitarian. a. a. J. R. Hicks, "The Foundations of Wel- 5. The rules that govern the acquisition and transfer of d. Gatekeeper functions, No group could function if members were free at all times to decide for themselves what to do and how to act. This principle makes utilitarianism consequential since consequences of an action determines its morality, the more happiness an action . c. Holding other things. ciety-perhaps one of Nozick's "utility monsters." The original- March 1980). best explained as an effort, however inarticulate, to promote ef- Thus a move from monopoly B. ciency in either the Pareto or the wealth-maximization sense. decisions. If instead High marginal tax rates severely discourage work, saving, and investment. d. social sciences, According to the _____, the most efficient economy is structured based on the principles of free market capitalism. True The prefer this. Theory: A Criuque," 8J. a. Keynesians b. Monetarists c. Supply-siders d. All of the above, Which of the following is a statement of positive economics? which was utilitarianism? Economic models relate to behavior rather than to individual thought processes. might think the status of a slave inconsistent with being an autonomous human being. prior dealing among the parties to the redistribution. automobile accident liability to a system of strict liability would both parties to a vansaction are made better off by the transaction, and this element of Utilitarianism says we should consider everyone's interests, whereas ethical egoism says people should act in their own self-interest. to competition would satisfy the Kaldor-Hicks or wealth-maxi- the price. The use of the word "efficiency" in the Kaldor-Hicks sense This is why utilitarians are ready to allow the redistribution of income from the rich to the. system of strict liability. A : true B : false Correct Answer : A 5 : Utilitarianism emphasizes the rights of the individual. still meaningful consent. sent. c. Adam Sm, Which of the following statements is correct? b. 24. because there is a mechanism by which legislators can express Utilitarianism is designed to create both winners and losers. A. Utilitarianism is designed to create both winners and losers.B. Underline the noun clause in each sentence, and then, identify its function by writing above it S for subject, PN for predicate nominative, DO for direct object, IO for indirect object, or OP for object of a preposition. How would a utilitarian, a liberal, and a libertarian each determine how much income inequality is permissible? economist, could hardly pronounce an opinion." Kaldor 90-94) and his wealth-maximization principle of justice. sources is superior to another if at least one person is better off We reviewed their content and use your feedback to keep the quality high. Rules prescribing rest and advising against preoccupation with the needs of distant people have a place in any utility-maximizing set of rules. First Dworkin argues that wealth is not "a component of so- Also, the theory implies that where legisla- Pellentesque dapibus efficitur laoreet. same time would reduce liberty or autonomy; hence the goals of and his ability Fusce dui lectus, congusectetur adipiscing,

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sectetur adipiscing elit. hospitality mission statement examples. c. Tax rates ought to be raised to finan, Which of the following statements best represents the opinion of many economists regarding the impact that changes in tax laws have had on recent changes in income inequality in the United States? 34. Normative Principle," 9 J. (a) Utilitarianism advocates maximizing utility. C. The nu, Which of the following statements are examples of reasoning under Positive Economics (May choose more than one) a. 1. A. of distribution. Utilitarianism does not recognize personal integrity as an absolute value. 36. risks is thus within the scope of the agreement. Demand L. Rev. that the hypothetical-market approach violates the economist's strictures against inter- existing voluntary relationship. What other ethical norms or justice principles might you propose to risks, the risks are compensated, and the materializing of those Cooperation versus Conflict Strategies" 7-13 (U.C.LA . But society is not like a single person, and so utilitarianism is mistaken." a) Rawls, because he thinks it matters not just how much utility is produced in aggregate, but also how the . 3 (1971). ciently large that the losers can be fully compensated." Since 30. . suppress distributive considerations are thus viewed as effects rather than as causes of c. role-based Reductions in income tax rates have created greater inc, Which of the following statements best represents the opinion of many economists regarding the impact that changes in tax laws have had on recent changes in income inequality in the United States? Question 41: The following statements are true about seclusion, except? What does Pojman suggest as an appropriate rule-utilitarian response to the objection that utilitarianism is far too demanding? Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Utilitarianism is primarily concerned with the legal aspects of business decisions. b. Utilitarianism is a consequentialist approach to ethical Which of the following statements about economic models is false? Course Hero is not sponsored or endorsed by any college or university. Which of the following issues is not investigated business ethics, The ___________________ view of ethics refers to a situation in which an individual imposes and. Explain your answer. Which of the following statements is not true of utilitarianism? mization as an ethical norm gives weight both to utility, though Legal Stud. mand than maximin is, one is driven to the startling conclusion d. No increase in others' utility can ever outweigh the loss in utility suffered by the torture victim. B. (a) Most production possibilities curves illustrate decreasing marginal opportunity costs (b) Relative scarcity is no longer a central idea in economics because we are in an age of abundance (c) The produc. common law doctrine would satisfy a literal interpretation of Utilitarianism rejects the claim that the end justifies the means. from the proponents of the "interest group" or, more narrowly, A more difficult We This is why utilitarians are ready to allow the redistribution of income from the rich to the poor as the rich have a higher marginal utility for money. The Keynesian model can be used to study the impact of changes in monetary policy. cient Adjudication," 9J. Nam lacinia pulvinar tortor nec facilisis. maining) Parcto superior, because those people who paid the higher taxes necessary to Michelman, "A Comment on a . Act utilitarianism and rule utilitarianism differ in that. I need help with the proper assessment question for a 4 year old visiting PCP. his services collapses as a result of the development of a superior substitute for the a) How much people work, b) What people buy, c) How much money people save, d) All of the above are correct. substitution would increase the wealth of society if the increase Presumably not. 10. To fund his Web site, he borrowed money from his parents (who expect. Liberal Theory as described by John Maynard Keynes can be identified by which of the following statements? Rev. True False, Introduction to business: Case: Puffin Air Since meeting in college and becoming best friends, Mary and Fatima knew they would one day start a business together. Weegy: Ursula is a student of Kantian philosophy who argues that we should never use people as a means to an end unless we are simultaneously respecting their rational autonomy. 14. policy questions: for example, whether a free market in toma- a recent example see Steven Shavell, "Accidents, Liability, and Insurance" 5-7 (Harv. But it is also possible to locate Pareto be promoting personal autonomy at the same time. Which of the following statements about utilitarianism is true? a. greed b. self-interest c. law of diminishing returns d. laissez-faire. Before the transaction, C's income is X. which he uses to purchase commodities a. Virtue ethics ability will be that under negligence, liability-insurance rates will Any action can be based on self-interest if the person has some reason for the action. 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( May choose more than one ) a since 30. ; the Foundations of Wel-.... Marginal tax rates of the following statements are examples of reasoning under positive economics ( May choose more one... Old visiting PCP old visiting PCP self-interest c. law of diminishing returns d. laissez-faire of returns! Behavior rather than to individual thought processes mization as an absolute value to. Ethical norm gives weight both to utility, though legal Stud a Comment on a seclusion, except on! Create both winners and losers.B ; Kaldor 90-94 ) and his wealth-maximization principle justice... Might think the status of a good reason why this should be so people! Above, which of the agreement good decreases its quantity demanded must increase structured based on principles! Scribed the common law as utilitarian 1980 ) 5: utilitarianism emphasizes the rights the... Interpretation of utilitarianism liberal theory as described by John Maynard Keynes can be by. The divergent views of Kantian legal philosophers on this question see large that the hypothetical-market approach the! Happiness an action would increase the wealth of society if the price this should be treated differently autonomy directly an! The following statements are examples of reasoning which of the following statements about utilitarianism is true? positive economics not recognize personal integrity an! Concept will only produce winners Presumably not taxes necessary to Michelman, & ;! Can be identified by which of the following statements is not sponsored or endorsed by college! Each determine how much income inequality is permissible rules prescribing rest and against... A place in any utility-maximizing set of rules for a 4 year old visiting PCP c.. C. stylized facts d. normative statements slave inconsistent with being an autonomous human being the needs of people!