--%>

Problem on Advocacy of maximizing happiness

Advocacy of maximizing happiness for huge number of people is a hallmark for: (a) Monarchy. (b) Laissez faire capitalism.  (c) Utilitarianism. (d) Communism. (e) Democratic socialism.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Break-even level of income The

    The break-even level of income for four member of family under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year

  • Q : Question on ATC and MC A perfectly

    A perfectly competitive market within the long period: Data         firm A:  ATC = y2   4y + 12 an

  • Q : Marginal revenue of purely competitive

    When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on

  • Q : Ordinal utility In economics, what is

    In economics, what is ordinal utility and what are its assumptions

  • Q : Illustration of zero Consumer Surpluses

    Clark pays $99.95 for the latest fishing rod. When Clark was willing to pay just a maximum of $99.95 for that fishing rod, his consumer surplus equivalents: (1) zero. (2) Clark would not be willing to buy the fishing rod at $99.95. (3) $99.95. (4) Clark would be bette

  • Q : Reallocation of resources-Government

    Describe the Reallocation of resources objective of the government budget.

  • Q : Expectations and Demand problem The

    The demand for durable consumer good tends to rise if: (1) Supply rises. (2) Aggregate expenses rise. (3) Consumers predict price hikes or scarcities in the future. (3) Consumers predict surpluses in future. Choose the precise answ

  • Q : Definition of Collective Bargaining The

    The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining.

    Q : Capitalization in expected income

    Capitalization is the process whereby wealth is produced and after that recognized when: (1) financial institutions transform households’ saving in economic investment. (2) asset prices are adjusted through market forces to reflect the present v

  • Q : Kinds of economic capital All kinds of

    All kinds of economic capital: (w) require construction of machines and buildings. (x) represent money. (y) are forms of output used for further production. (z) yield profit for their owners. Hello guys I want your