The Principle of Need Is an Extension of Which Principle

question 2

Multiple Choice

The principle of need is an extension of which principle?

• A) The principle of nonmaleficence
• B) The principle of beneficence
• C) The principle of equal distribution
• D) The difference principle

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Definitions:

National Debt

The total amount of money that a country's government has borrowed, by various means.

Loanable Funds

The total amount of capital available for borrowing, often used in the context of the market for loans.

Interest Rates

Interest rates are the percentages charged or paid for the use of money on loans or deposits, influencing economic activities like borrowing and investing.

Loanable Funds

The funds available for borrowing, which are determined by the savings and investments in an economy.