Identify Whether the Following Issues Are Macroeconomic or Microeconomic and Explain

question 105

Essay

Identify whether the following issues are macroeconomic or microeconomic and explain why you categorized them in that way.

Understand the basic principles and differences among ethical theories including situational ethics, utilitarianism, deontological ethics, and ethical relativism.

Grasp the concept of moral development and its stages according to Kohlberg.

Recognize the ethical responsibilities of businesses towards stakeholders other than shareholders.

Understand the relationship between legal acts and morality.

---

Definitions:

Graph

The visual representation of data or functions on a coordinate system, showing relationships between variables.

Standard Form

A way of writing numbers using digits, or a specific way to write equations, such as Ax + By = C for lines.

Hyperbola

A type of smooth curve lying in a plane, defined as the locus of points such that the difference between the distances from two fixed points (foci) is constant.

Asymptotes

Lines that a curve approaches as it heads towards infinity, indicating the boundary beyond which a graph does not venture.