According to Ethical Relativism, ________

question 41

Multiple Choice

According to ethical relativism, ________.

• A)ethics rely on duties based around universal rules which one is morally bound to follow
• B)each person is presumed to have entered into a social contract with all others in society to obey moral rules
• C)there are no universal ethical rules to guide a person's conduct
• D)people must choose an action or follow a rule that provides the greatest good to society

Identify factors that influence the elasticity of supply and demand.

Analyze how changes in price affect quantity supplied and demanded using the concept of elasticity.

Explain the impact of supply and demand elasticity on total revenue.

Differentiate between short-run and long-run elasticity in various markets.

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Definitions:

Hawthorne Effect

The effect of the research process itself on the groups or individuals being studied; hence, the act of studying them often itself changes them.

Originated

Refers to the point or place where something begins or is created.

Participant Observation

A qualitative research method involving the systematic recording of behaviors and interactions while being directly involved in the subject's environment.

Content Analysis

The analysis of meanings in cultural artifacts such as books, songs, and other forms of cultural communication.