Examlex
In the short run,the average total cost curve reaches its minimum point at a lower level of output than the short-run marginal cost curve reaches its minimum.
Ethical Absolutism
The belief in absolute standards against which moral questions can be judged, irrespective of the context or situation.
Cultural Relativism
A concept in anthropology and ethics that posits the belief systems and moral codes of a culture should be understood and judged within the context of that culture's own history and traditions.
Open Mind
The willingness to consider new ideas and perspectives without letting one's own beliefs hinder the process.
Divine Command Theory
The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.
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