If you are the employer of a business establishment, how will you apply utilitarianism using Impartial components?

Q: Is it okay for a company to take a utilitarian approach and use deception or lies about their…

A: It is okay for a company to take a utilitarian approach and use deception or lies about their…

Q: What does the Rule utilitarianism take into account?

A: In economics, utilitarianism refers to the economic theory of morality, which attempts to explains…

Q: List two types of utilitarianism?

A: In economics, Utilitarianism refers to the ideology of making activities that result in happiness or…

Q: Ways in which human decision making differs from the rational individual conventional economic…

A: The decision-making process of an individual that leads to maximum level of satisfaction or utility…

Q: . A theory is an abstraction from reality. What does this statement mean?

A: Economics is a discipline that studies the factors that influence the production of goods and…

Q: How do people make decisions, according to economic assumptions? a. They allow others to make…

A: "Economics is the study of use of scarce resources." The scarce resources include land, labor,…

Q: Describe 3 ways in which human decision differs from the rational individual conventional economic…

A: The behavioural economics is the subfield of economics that integrates the insight of psychology…

Q: What are some of the problems with using utilitarianism for conducting a stakeholder analysis

A: Utilitarianism is a moral philosophy that promotes activities that bring happiness or pleasure while…

Q: Give one example each of a positive and a normative statement.  Use your own example and not one…

A: The value of economic fairness, or what the economy "should" or "ought to be," is that the focus of…

Q: Thanks for your answer. Can you explain in a little more detail?

A: Negative externality refers to when the production or consumption results in a cost to the third…

Q: Detail answer, please Q: Utilitarian theory is bad in itself. Give three examples Subject :…

A: Utilitarianism is determined as the most influential moral theory, which aims to provide a solution…

Q: When looking at the economics of marriage, how would a functionalist theorist and a social exchange…

A: The structural functionalist point of view, marriage and family are an essential structure square of…

Q: Discuss the pros and cons of utilitarianism.

A: Utilitarianism views supports actions that increases the overall utility of the society. The main…

Q: Economic value is a utilitarian concept - do you agree or disagree? briefly explair and justify your…

A: Utilitarianism is a moral philosophy that promotes activities that bring happiness or pleasure while…

Q: What are the three diverse exercises of subject of economics?

A: Amartya Sen has given three diverse exercises of subject of economics.

Q: Would a good economic model be more likely toaddress a positive statement or a normative statement?…

A: A positive statement is that statement which explains the actual phenomenon of the subject. These…

Q: What are the pros and cons of traditional economy?

A: ‘Traditional economy’ relies on custom & history. It assumes that all people are ‘rational’.…

Q: ent, how will you apply u

A: Utilitarianism is a moral theory being working as a form of consequentialism which helps individuals…

Q: choose the correct answer: Question: Whose classical philosophic idea translates the intention to…

A: Option A Socrates

Q: Is it realistic to think that we account for rational behaviour in every situation?

A: Rational choice scholars are isolated on what the most satisfactory rendition of rational choice…

Q: Write down the merits of deductive method of economics? 300 words

A:

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: Why are Adam Smith's economic views more valuable. Provide three reasonings

A: Adam Smith gave the theory of absolute advantage in international trade which means that the country…

Q: How does inherent value differ from instrumental value?

A: Inherent value and instrumental values are a part of the the environmental economics. They are used…

Q: Why must economic theories and models be abstract?

A: Economic theory is based upon the assumption that consumers and investors are rational and also…

Q: What good is economic theory if it cannot predict the behavior of a specific individual?

A: Economic theory helps in analyzing the functioning of an economy. It helps in understanding both the…

Q: Compare and contrast German Historical School’s inductive method with Marginalist’s deductive…

A: The German Historical School rejects the method of classical political economy. The thoughts of the…

Q: How can opportunity cost affect behavior?

A: The opportunity cost of any activity is the benefit from the next best alternative foregone to…

Q: Should an economic model describe reality exactly?

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: Define Economics and its Types?

A: Economics is a branch of economics that examines human behavior with the objective of allocating…

Q: Why is deductive reasoning stronger than inductive reasoning? A. Because it makes assumptions based…

A: Deductive reasoning is stronger than inductive reasoning

Q: Choices that are the best for the society as a whole are choices in the pursuit of…

A: When everyone acts to maximize their own self-interest, social interest is maximized. So, when…

Q: What are examples of society's widely accepted economic goals?

A: Economic goals: - Economic goals are the desired conditions of the people of a country which improve…

Q: Utilitarian value is an end in and of itself rather than a means to an end. a.  True b.  False

A: Utilitarian value is characterized as that esteem that a client/customer gets in view of an errand…

Q: The President's wife should not run as a candidate to succeed her husband." This is an example of:…

A: There are two types of statements- positive and normative.Positive statement is based on facts and…

Q: Which does a utilitarian attempt to maximize? Total amount of happiness (b) Total number of people…

A: The supremacy of happiness above all other aims is the core concept of utilitarianism, and focusing…

Q: Explain Economic and Social Disorder

A: In general, the term disorder is used to explain the situation of confusion when there is not a…

Q: How utilitarianism impacts the orthodox economics theory and critiques of it ?  What are the main…

A: When making social, economic, or political decisions, a utilitarian worldview seeks to better…