What did Bentham describe as anything producing happiness or preventing pain?
Utility
How does libertarianism define consent when citizens follow the majority's rules and decisions through democracy
Democratic Consent
Which political philosopher argued that justice cannot be determined without first reflecting on the most desirable way of life?
Aristotle
What was John Stuart trying to save by recasting as a more humane, less calculating doctrine?
Utilitarianism
What US Senator had to apologize for their comments made about the financial crisis of 2008-09 that stated executives should "... either do one of two things- resign or commit suicide."?
Chuck Grassley
The two feelings Bentham theorized we are naturally guided by
Pleasure and Pain
Which economic ideology promotes open competition and market self-regulation with minimal government interference
Laissez-Faire
Which libertarian theory defines justice based on the legitimacy of initial holdings and transfers in the free market?
Distributive Justice
What age did John Stuart Mill write a history of Roman Law?
Age Eleven
Living in what state for the rest of your life was considered suffering more than eating an earthworm in a 1930s survey conducted by Edward Thorndike?
Kansas
This type of economist would argue any price is “fair” regardless of feelings surrounding issues like price-gouging
Free-market
This concept focuses on whether wealth is acquired through voluntary transactions or gifts. What is it?
Justice in Transfer
Which theory argues that justice should be served based on the final outcome with the goal being to increase pleasure?
Utilitarianism
What book did he write in 1859 that was a classic defense of individual freedom in the English-speaking world?
On Liberty
What event led to the comment, "Demonizing vendors won't speed Florida's recovery. Letting them go about their business will."
Price gouging in Florida
Bentham argued every moral feeling should be guided by maximizing
Happiness
What term describes obeying customs, conventions, or popular beliefs without making independent decisions, as defined by Mill?
Conformity
What was the underlying feeling the caused outrage among people when executives received their bonuses after the 2008 recession?
Rewarding Failure
What case does John Stuart insist rests entirely on utilitarianism considerations?
Individual Liberty
True or False. When the Ford Pinto fuel tank was found to be prone to explosion in the event of a rear collision, Ford immediately fixed the issue as it would only cost $11 per car to add a device to make the gas tank safer.
False
This researcher thought that any good or service could be measured on a pay scale, including feelings of pleasure and pain
Thorndike
In libertarian philosophy, what is the term for individual agreement, which is a voluntary act or authorization?
Consent
What did the Ford company do to evaluate whether they should replace the engines in their Ford Pinto?
Cost-benefit analysis
What does Mill believe upholding individual liberty and the right to dissent will promote in the long run?
Welfare of Society
What company had to apologize after they commissioned a study that found that a "positive effect" of smoking was that the premature deaths of smokers would add a net gain of $147 million per year to the Czech Republic's treasury?
Phillip Morris