In Traditional Economies, Economic Behaviour Is

question 46

Multiple Choice

In traditional economies, economic behaviour is

• A)based primarily on custom and habit.
• B)largely determined by a central authority.
• C)random and unpredictable.
• D)directed only by self interest.
• E)affected by elements of tradition, government command, and market incentives.

Describe the characteristics, rights, and obligations of shareholders and benefit corporations.

Analyze the ethical considerations surrounding duty to rescue and exceptions to general principles.

Understand the impact and ethics of corporate contributions to political causes.

Comprehend how ethical preferences are formed and their influence on decision-making.

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Definitions:

Muscular Foreign Policy

An approach to foreign affairs that emphasizes the use or threat of military force and strong diplomacy to influence the policies of other countries.

Overcivilization

A concept suggesting a state wherein a society becomes so culturally and technologically advanced that it leads to its own decline or stagnation due to complexities and disconnect from basic human nature.

American Interests

Refers to the political, economic, or cultural objectives that are considered important for the United States and its citizens.

Foreign Policy

The strategies and decisions a country employs in its interactions with other nations to protect its national interests, security, and values.