Which of the Following Is a Basic Definition of Ethics

question 25

Multiple Choice

Which of the following is a basic definition of ethics?

• A)moral guidelines for behaviour
• B)rules for acknowledging the spirit of the law
• C)principles, values and beliefs that define what is right and wrong behaviour
• D)principles for legal and moral development
• E)There is no way to define ethics.

---

Definitions:

Rational Expectations School

A theory in economics that suggests individuals make decisions based on their rational outlook, available information, and past experiences.

Fixed-growth Rate

A constant percentage rate at which a variable, such as an economy or a population, grows over a specified period of time.

Monetary Policy

A strategy implemented by a country's central bank to control the money supply, often targeting inflation or interest rates to promote economic stability and growth.

Phillips Curve Relationship

This relationship indicates an inverse correlation between unemployment rates and inflation, suggesting that lower unemployment leads to higher inflation and vice versa.