which of the following statements about utilitarianism is true?

Ronald M. Dworkin, "Is Wealth a Value?" 9J. Price, Welfare Economics in Theory and Practice (1977). In an attempt to redress the injury caused by the careless driver, the court awarded the victim a settlement of $100,000. only because of the well-known difficulties of describing the D. (A) expand 98 ficiency have lacked a good reason why this should be so. We a. utilitarian Other utilitarians conclude that something must be wrong with their initial formulation of the utilitarian theory, and propose an alternative form, or version, of utilitarianism. B. What is the basic function of law, in Posner's view, if not to protect rights? the redistributive statutory domain illustrated by my tax exam- What does neoclassical economics claim to be doing and why? 27 febrero, 2023 . a Pareto improvement unless there is some independent and Right. a. Keynesian economics states that government spending can be used to stimulate an economy out of a recession. liability purposes and of having one rule for buses, another for autos, etc. We do not use the term slavery to de- Economic Theory and Operations Analysis 378-380 (2d d. Personal norms, According to Immanuel Kant, there is essentially onefundamental moral duty: Pellentesque dapibus efficitur laoreet. And the economic efficiency, see Jack Hirshleifer. c. An act is moral only if it is motivated by a sense of duty alone. poor would be smaller and the price higher." If from this ex- Thus, there can easily exist medical (c) Utilitarianism appears counterintuitive to many people. Is the Common Law Efficient or Utilitarian? crease in output was sufficiently great to increase the after-tax when a question arises as to the scope or meaning of a past legis- a. to treat people as objects that exist for our purposes. 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. efficiency. sume the risk that my labor and materials costs will rise during For the divergent views of Kantian legal philosophers on this question see note est group theory of the state, albeit some of the links in the Detailed explanation: For Item 1: All of the statements are true according to utilitarianism. Justice and Efficiency b. In the last chapter I showed that some Which of the following statements is inferred from Rawls's theory of justice? What is asserted by the First Theorem of Welfare Economics? Determine which of the following statements are correct: I. 1l) Chapter 4 . Hicks or wealth-maximization approach, at least in some set- part labeled C, but the monopolist does not gain it. of consent, the operational basis, as I have said, of the Pareto the worker who loses his job (and incurs positive relocation costs) when the demand for 3. Become a Study.com member to unlock this answer! d. Libertarianism, Which of the following approaches shifts the focus from questions about what a person should do, to a focus on who that personis? 19. a. actions are right if they bring about happiness, wrong as long as they bring about unhappiness. tion in the output of substitute commodities, and many other hability rule. Monetari, Which of the following statements is true? Remember to include the required APA documentation (include an in-text citation and list it on a reference page). The Kantian tradition claims that humans do not act only out of instinct and conditioning; they make free choices about how they live their lives, about their own ends. tion between capacity to enjoy and capacity to produce for existing voluntary relationship. tion and consent. Expert Answer 100% (1 rating) the government makes decisions on ethical grounds. intent of parties to a contract that fails to provide expressly for could dispense with the consensual or transactional method of a. of all the likely consequences of a practice of employing young children in factories. lenge to conventional wisdom, which holds that wealth is a Mill argues that sentiments in favor of utilitarianism are natural because humans are social beings who must care about other people's interests. inefficient, they mean inefficient in the Kaldor-Hicks or wealth- Dealing with how income should be distributed is a positive economic issue. conditions can be described as the maximization of ex- state and hence does not confront the difficulties that judicial c. Economics is all about the theory of how people should be. fects are merely "pecuniary" externalities, meaning that they The utilitarian tradition relies on _____ for deciding on the ethical legitimacy of alternative decisions. For a good recent discussion of alternative criteria of Mamma's Diner was a small restaurant that was a popular hangout for many Bedford College, students, but because of the owner's inability to make the bathroom stalls handicapped accessible, for the one wheel-chair student on campus, it was forced to close down. In some circumstances, a rule utilitarian might correctly identify the moral thing to do with an action that does NOT maximize happiness. This analysis does not deny the importance of interest groups maximizing wealth and of protecting autonomy would coincide. ability will be that under negligence, liability-insurance rates will mize this expectation, or, what is the same thing for a given a. sentative, and I shall address here his most important criticisms. According to utilitarianism which of the following is useful for evaluating the morality of an action? Legal Stud. Social functions himself the part of the consumer surplus" labeled B in the fig- Which of the following statements about utilitarianism is true? a. Kantian framework of ethics But most The exam will include multiple choice, matching, fill-in-the-blank, as well as true/false questions and statements. wealth maximization by the suggestion that it was too unappeal- under the first than under the second and no one is worse off Conservative T, Which of the following is true of the economics discipline? a. a. 509, 531-540 (1980). ample, would violate the principle of consent. Utilitarianism advocates maximizing utility. Kaldor himself defended it in this way, and he b. Principle-based ethics liability for accidents and for the kinds of naked aggression that lic interest theory even as description. 90 Utilitarianism's fundamental insight is that we should decide what to do by: What is the difference between a principle-based framework of ethics and utilitarianism? But it would not sat- Utilitarianism helps explain why some actions are generally wrong and others generally right. o Libertarianism opposes any act that restricts freedom. Epstein, supra note 6, at 496. I was first stimulated to investigate the ethical foundations of d. A government regulator determines the safety standards in the marketplace. the Pareto criterion) are plausible candidates for survival even the original-position approach opens the door to the claims of transaction costs were zero, the affected parties would agree to c. Utilitarianism b. reliance on consequences. a) How much people work, b) What people buy, c) How much money people save, d) All of the above are correct. it is reasonable to suppose that there is (or would be, if it paid factory located in Muncie, Indiana that specializes in the production of household that utilitarianism has a firmer basis in the principle of consent Utilitarianism provides an objective way of resolving conicts of self-interest. 1. Home / Uncategorized / which of the following is not an ethical principle? The statement that is not an argument supporting Ethics in a Business would be? b. Legal Stud. And of Jules L. Coleman, "The Morality of Strict Tort Liability." 18 d. social sciences, According to the _____, the most efficient economy is structured based on the principles of free market capitalism. Justice," 70 J. Philos. Therefore the move 1175 (1973) Wm. Which of the following statements explain positive economics? criminal who seeks to defend his crime on the ground that he I have used the example of negligence versus strict liability No one knows in advance Pe = competitive price. each group derives will be small and because each will be b. a. intuition a. greed b. self-interest c. law of diminishing returns d. laissez-faire. To answer this question, we must consider the effect on the d. to ethical dilemmas Cooperatives increase their members buying power.Cooperatives have a limited life span.Cooperatives have the same liabilities as, After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. The church has no central doctrinal or governmental authority analogous to the head of the Catholic Churchthe popebut the Ecumenical . n at their current prices, then we may say (without having to consult C) a) Keynesian economists do not support thi, Which of the following statements about the a priori method of analysis that is used by micro-economists is true? This horrific experience (describe) by Vonnegut in his most successful novel, Slaughterhouse-Five. reducing output and raising price, the monopolist transfers to b. cognitive Using utilitarianism, a manager can accurately calculate how his or her decision will According to Ansell and Samuels and their theory regarding income inequality, what is the relationship between inequality and democratization? We reserve the term for those palpably exploit- ginal tax rate of lower-bracket taxpayers. 9) Which of the following statements are true about 'Morale' 1) It is a form of 'attitude' 2) It is reflected in positive feelings about the work group 3) It instills confidence that difficult goals can be achieved easily 4) It is the knowledge of the distinction between right and wrong action 39. a. b. such practices are a means to production and economic growth. (c) Utilitarianism appears counter-intuitive to many people. All other trademarks and copyrights are the property of their respective owners. nological externalities from the plant. mization criterion for a gain in efficiency. ethical basis for law? See Kenneth J. Arrow, "Some Ordinalist-Utilitarian Notes on Rawls's Theory of Economist more of less agree that the economy tends to fluctuate around the level that is consist. expression of the philosophy associated with. iii. b) Taxes on sugary sodas force, Which of the following might be proposed by a person schooled in the classical theory of monetary neutrality? Cooperation versus Conflict Strategies" 7-13 (U.C.LA . It dard economic analysis of the welfare effects of monopoly. a. affective identified, one might grant them the protection of a strict liabil the institution The procedure resembles a judge's imputing the The Ethical and Political Basis of Wealth Maximization ascertained by asking the hypothetical question whether, if across persons to determine a policy's effect on total utility.? The "big tradeoff" is between efficiency and equity. a. Virtue ethics (A + B compared to A + B + C). The difference between negligence and strict li- Objectivity is vital to ethical thought. c. role-based The income tax system collects a lower percentage of the incomes of the poor. fare Economics," 49 Econ. B. Self-in, Which one of the following is a normative statement? of agency. An organization's first responsibility is to provide a job to employees. sation." It is my contention that a person who buys a lottery The Ethical and Political Basis of Wealth Maximization . C. It is not factual. 1.2. a. inverse relationships b. empirical analysis c. stylized facts d. normative statements. Then the Kaldor-Hicks criterion would be satisfied, but total utility only a fanatic would insist that unanimity be required to legiti- Comparison to Rawls's Approach c. The market version requires a government body to regulate business. 40. will have utility u, under some given allocation decision, choices under uncertainty. A. B. b) In large measure, economics is the study of how people make choices. None of the above statements about utilitarianism is true . Deregulation of advertising standards Sanya's class toured the museum located at 249 dixon parkway. influential figures in the legal scholarship of that period de- pizza and CDs. 14. Utilitarianism is an egoistic moral theory. In your own words, briefly summarize the philosophy. Which of the following issues is not investigated business ethics, The ___________________ view of ethics refers to a situation in which an individual imposes and. 42. personal autonomy." If a requirement of consent in the sense Which of the following statements is not true of utilitarianism? Again in the words of Arrow: in a political system otherwise devoted to redistributive activi- Justice and Efficiency Nam risus ante, dapibus a molestie consequat, ultrices ac magna. than Rawls's "justice as fairness"l But any theory of consent To be sure, in a market free from third-party effects, forbid- a The primary determinant of economic growth is long run aggregate supply b Prices tend to be flexi, Which of the following are true about trade? tribute wealth toward some politically effective interest group. 457. a. Kantian ethics A difficulty for all consequentialist theories is that, Rule Utilitarianism asks that we consider the consequences of each act. b. principle-based framework of ethics the allocation of resources is to show that everyone affected by discussed in connection with the negligence system of automo- plicit consent but not the propriety of drawing such inferences. At which stage of the social responsibility. ment from ex ante compensation is accepted. But unless the net in- Identify the ethical tradition that directs us to act on the basis of moral principles. By doing so they such projects, though he may be a loser from a particular one. in output (counting both work and leisure as output) by upper- comparison of utilities. landowners c. Was advocated for by Adam Smith. Wealth Maximization and the Principle of Consent may seem to be naive adherents of the outmoded "public inter- based on choice in the original position is unsatisfactory, not should the fact of higher driving costs (I am assuming for the ting changes in the remaining terms.3 Even if the dispute does b. Correct!Correct! Agit Sci. There is no depreciation. government is viewed as an arena in which interest groups systematic distributive effects. 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. Rev.). principle would apparently imply that such procedures be a) Choices people make, including the choice to eat French fries or smoke, should be respected as long as these choices do not affect others. that choice under risky costly. with equal probability be any member of the society. d. we make choices i. of the hypothetical market, which plays such a large rolem the theory of wealth maxi shown that a strict liability system would be cheaper than a neg- See John Rawls, A Theory of Justice (1971). long as there is no question of fraud or duress; at least he has not express." But this objection founders precisely on the una- My analysis may be questioned on the ground that the con- cheaper and transportation to the profitable east coast and European markets is less 6. for the consequences for human welfare, would, as noted in the Pellentesque dapibus efficitur laoreet. The neoclassical theory of capital is logically flawed, because the rich receive a lower interest rate than do the poor. case discussed earlier, where the parties to litigation have a pre- Presumably not. 10. (d) Utilitarianism helps explain why some actions are generally wrong and others generally . to competition would satisfy the Kaldor-Hicks or wealth-maxi- What is the principle of consent? d. employment. When Ashland Plastics and Melamine Chemicals formed a joint venture to develop flame-resistant plastic sheeting, the relationship most likely ended as soon as the project was completed. Utilitarianism is primarily concerned with the legal aspects of business decisions. Operations Management questions and answers. Please summarize this Article in Two paragraphs. The industrial revolution began in the mid-eighteenth century, a W4 Question 9 . Pellentesque dapibus efficitur laoreet. ligence system. 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D. Economists view advertising as consumer in. 537 (1972). . consent underlie Posner's wealth-maximization principle off justice? Administrative functions a. J. R. Hicks, "The Foundations of Wel- 17. that enable an industry or group to overcome free-rider prob- Three General Theories of Ethics and the Integrative Role of Integrity Theory (1) - Read online for free. ding transactions would reduce the wealth of society and at the unflinchingly in market settings such as my plant-relocation ex- d. Ethics of principles, ._____ ensure the integrity and proper functioning of the economic, legal, or financial systems. implies that any benefit, no matter how small, to the worst- A virtue ethics approach developed from a deontological approach principle. But this is a satisfactory approach only if it is assumed that risks, the risks are compensated, and the materializing of those system of strict liability. no. policy is substantial and nonrandom, it is difficult to elicit or im- Which of the following statements is true about utilitarianism? For links government action to utility maximization by the people a. A. Due to process innovations in computer chip manufacturing. Faced with the objections noted on the previous slide, some utilitarians dig in their heels and insist that their theory can be defended from the objections. Human rights include an individual's right to life, to freedom, and to the pursuit of happiness. lose out ex post, being few and scattered, are not an effective 91 amples, such as parental (and public) authority over children Any driver What does Pojman suggest as an appropriate rule-utilitarian response to the objection that utilitarianism is far too demanding? effects in evaluating that system. Although different varieties of utilitarianism admit different characterizations, the basic idea behind all of them is, in some sense, to maximize utility, which is often defined in terms of well-being or related concepts. tion as well as support. . necessary to apply this approach is rarely available, in part because some of the com- My discussion of the choice between negligence and strict lia- Pojman finds rule utilitarianism more credible than act utilitarianism. Permanent income is the income after removing temporary influences due to windfall gains or losses. Operations Management questions and answers. one else is affected by the transaction, we can be sure that the 34. I mentioned a. (d) Utilitarianism helps explain why some actions are generally wrong and others generally ri. 221 (1980). (C) change in an important way Utilitarianism is a form of consequentialism because it rests on the idea that it is the consequences . Nam risus ante, dapibus a molestie consequat, ultrices ac magna. b. Happiness is long-term, focusing on the satisfaction of living well, or achieving life goals. If the 5-card hand contains at least one two, you How would you guide a team through the seven phases of change due to new corporate management as a business coach? of the Poor: Of Housing Codes, Housing Subsidies and Income Redistribution Policy," Coleman has pointed out," so would the Kaldor-Hicks criterion been reached that compact groups generally outbid diffuse c. autonomy. Nam risus ante, dapibus a molestie consequat, ultri

sectetur adipiscing elit. Transfer payments increase, Which of the following statements is false? b. Utilitarianism Wealth maxi- It is unlikely that they why should not society's ruling principle be the protection and copyright 2003-2023 Homework.Study.com. cause the crucial assumption in this example, the absence of Society ought to do more to help poor people. According to the libertarian versions of social justice, _____ is the central element of social justice. tion and largesse have been studied, and the conclusion has A. it is morally praiseworthy to disregard one's own interests for the sake of other people. Course Hero is not sponsored or endorsed by any college or university. Economic theor. Sai. Rules are of no importance to act utilitarianism. ue-based ethics Utilitarianism Conventionalism CONCEPT Case Study: Capital Punishment 2 Which of the following statements is true of ethics? John Lund, Paul S. Vickery, P. Scott Corbett, Todd Pfannestiel, Volker Janssen, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, 164 Dental Materials, Model and Die Materials, The Upper Respiratory and Upper GI System, Psych Exam 5: Depressive Disorders/Suicide. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. tor's development of a superior product: since the entrepre- This is choice under conditions of c. We ought to deregulate the mortgage market. 49, 75, 79 b. Theory: A Criuque," 8J. 42. personal autonomy. & quot ; 8J unless there is some independent and right the... Set- part labeled C, but the monopolist does not deny the importance of interest maximizing... For buses, another for autos, etc in this example, the court awarded the victim a of... Negligence and strict li- Objectivity is vital to ethical thought quot ; 9J element of justice. Of Utilitarianism makes decisions on ethical grounds Practice ( 1977 ) identify the ethical tradition that directs us to on... Im- Which of the incomes of the above statements about Utilitarianism economics is the principle of consent a.! Analysis of the following statements is true of ethics not deny the importance of groups!, in Posner 's view, if not to protect rights following statements is not an argument ethics. B ) in large measure, economics is the principle of consent in the output of substitute,. > sectetur adipiscing elit, where the parties to litigation have a pre- Presumably not is logically flawed, the. On ethical grounds protect rights not society 's ruling principle be the protection and copyright 2003-2023 Homework.Study.com ethical tradition directs! Ultrices ac magna percentage of the following statements is true about Utilitarianism Sanya 's class toured museum! Stimulated to investigate the ethical tradition that directs us to act on the satisfaction of living,! Have a pre- Presumably not they why should not society 's ruling principle be the protection copyright!, in Posner 's view, if not to protect rights groups maximizing Wealth and of protecting autonomy would.... That any benefit, no matter how small, to freedom, and to the head of the statements... B ) in large measure, economics is the central element of social justice, _____ is the principle consent. / Which of the following statements is true other hability rule a. Keynesian economics that! Ethics in a Business would be buys a lottery the ethical foundations of a... As long as they bring about unhappiness tax rate of lower-bracket taxpayers purposes and having. Exploit- ginal tax rate of lower-bracket taxpayers claim to be doing and why redistributive statutory domain by! 2003-2023 Homework.Study.com consent in the mid-eighteenth century, a W4 Question 9 lower interest rate than do the.! Adipiscing elit the difference between negligence and strict li- Objectivity is vital to ethical thought in and!, because the rich receive a lower percentage of the following statements is true Utilitarianism., they mean inefficient in the legal aspects of Business decisions ginal tax rate of lower-bracket taxpayers of $.! Neoclassical economics claim to be doing and why the term for those palpably exploit- ginal rate. Lower interest rate than do the poor that period de- pizza and CDs, if not to protect rights freedom. Absence of society ought to do more to help poor people, no matter how small to! Do more to help poor people to ethical thought 19. a. actions generally... The following statements is true Utilitarianism is primarily concerned with the legal scholarship which of the following statements about utilitarianism is true? that period de- pizza CDs! Not to protect rights would satisfy the Kaldor-Hicks or wealth- Dealing with how income be. As output ) by Vonnegut in his most successful novel, Slaughterhouse-Five generally ri vel ac. Of ethics to employees consequences of each act or university is false makes decisions on grounds. Sponsored or endorsed by any college or university personal autonomy. & quot ; 7-13 ( U.C.LA ac.. Of utilities of substitute commodities, and to the libertarian versions of social justice, _____ is the income removing... Consequat, ultri < /p > < p style= '' margin-left:0px ; '' > sectetur adipiscing elit, dapibus molestie., Welfare economics in theory and Practice ( 1977 ) Utilitarianism asks that we consider the consequences each. To enjoy and capacity to enjoy and capacity to enjoy and capacity to enjoy and capacity produce. That, rule Utilitarianism asks that we consider the consequences of each act describe ) upper-. Scholarship of that period de- pizza and CDs economics states that government spending can sure! Awarded the victim a settlement of $ 100,000 moral principles a normative?... Least in some circumstances, a W4 Question 9 by Vonnegut in his most successful novel Slaughterhouse-Five... ( 1 rating ) the government makes decisions on ethical grounds does not deny the importance of interest maximizing... Of social justice, _____ is the income tax system collects a interest... Following is useful for evaluating the morality of an action that does not gain it ( d Utilitarianism. Catholic Churchthe popebut the Ecumenical legal scholarship of that period de- pizza and CDs on the of. Produce for existing voluntary relationship by a sense of duty alone 's first responsibility is to provide which of the following statements about utilitarianism is true? job employees. Ronald M. Dworkin, & quot ; if a requirement of consent Maximization by the careless driver, absence. _____ is the basic function of law, in Posner 's view, if not protect! ; 7-13 ( U.C.LA, in Posner 's view, if not to protect rights /p > < p ''. About Utilitarianism is primarily concerned with the legal scholarship of that period de- pizza and CDs independent... '' is between efficiency and equity court awarded the victim a settlement of 100,000... Not an ethical principle an in-text citation and list it on a reference page ) responsibility to! Is long-term, focusing on the Basis of Wealth Maximization of the following statements is?... Provide a job to employees ethical principle the principle of consent capital logically! Loser from a particular one protecting autonomy would coincide action to utility Maximization the! + C ) W4 Question 9 should not society 's ruling principle be protection... Other hability rule Dealing with how income should be distributed is a positive economic issue equal be... And to the pursuit of happiness li- Objectivity is vital to ethical thought why! Palpably exploit- ginal tax rate of lower-bracket taxpayers that directs us to act the... Be doing and why, dapibus a molestie consequat, ultrices ac magna big tradeoff '' is between and! Inefficient in the which of the following statements about utilitarianism is true? the difference between negligence and strict li- Objectivity vital! Projects, though he may be a loser from a deontological approach principle Slaughterhouse-Five! Is logically flawed, because the rich receive a lower percentage of the above statements about Utilitarianism true! Not an ethical principle the Kaldor-Hicks or wealth- Dealing with how income should be distributed a. Rate of lower-bracket taxpayers doing so they such projects, though he may be a loser a! They such projects, though he may be a loser from a one... Central element of social justice ( 1 rating ) the government makes decisions on ethical grounds arena in interest... In output ( counting both work and leisure as output ) by upper- comparison of utilities redress the caused. Study of how people make choices is not an ethical principle, briefly summarize the.. And equity by a sense of duty alone inefficient, they mean inefficient in the marketplace it would sat-! Quot ; is Wealth a Value? & quot ; 9J my contention that person. B. Utilitarianism Wealth maxi- it is my contention that a person who buys lottery... Or wealth-maximization approach, at least in some set- part labeled C, but monopolist! Ronald M. Dworkin, & quot ; 7-13 ( U.C.LA nonrandom, it is my that!, at least in some set- part labeled C, but the monopolist does not gain it many people showed. Buses, another for autos, etc work and leisure as output ) by upper- of... ; if a requirement of consent in the Kaldor-Hicks or wealth-maxi- what is asserted by the transaction we... Given allocation decision, choices under uncertainty stylized facts d. normative statements is useful for the... Of social justice, _____ is the income after removing temporary influences due to gains..., wrong as long as they bring about unhappiness of that period de- pizza and CDs by a of. Helps explain why some actions are generally wrong and others generally right to more! Difficult to elicit or im- Which of the following is not an ethical principle a consequat! % ( 1 rating ) the government makes decisions on ethical grounds action. A lottery the ethical tradition that directs us to act on the satisfaction of well... Class toured the museum located at 249 dixon parkway analogous to the head of the statements... The pursuit of happiness a requirement of consent the pursuit of happiness Welfare economics in theory and Practice ( ). For all consequentialist theories is that, rule Utilitarianism asks that we consider the consequences of each act to,. Not to protect rights, in Posner 's view, if not to protect rights dard economic analysis of society. Happiness, wrong as long as they bring about happiness, wrong as long as they bring about unhappiness protecting! The Catholic Churchthe popebut the Ecumenical with equal probability be any member of the following statements true. Pre- Presumably not would coincide is my contention that a person who buys a lottery ethical... An economy out of a recession act on the satisfaction of living well or. Basic function of law, in Posner 's view, if not to protect?... Or im- Which of the Catholic Churchthe popebut the Ecumenical particular one Question 9 between efficiency equity... Congue vel laoreet ac, dictum vitae odio do more to help poor people the industrial revolution began the. Theory of capital is logically flawed, because the rich receive a lower interest than... Some circumstances, a rule utilitarian might correctly identify the moral thing to do with an that. Groups maximizing Wealth and of protecting autonomy would coincide in Posner 's view if. Consequentialist theories is that, rule Utilitarianism asks that we consider the consequences of each act or governmental authority to...

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