Equality Is a Mark of ______ Justice,and Any Acts Promoting

question 43

Multiple Choice

Equality is a mark of ______ justice,and any acts promoting equality are justified, providing they do not worsen the situation of the least advantaged.

• A)institutional
• B)ethical
• C)social
• D)moral

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Definitions:

International Trade

The exchange of goods and services between countries, driven by comparative advantages and resulting in increased global economic interaction.

Autarky Price

The price of a good within a closed economy that does not engage in trade with external entities.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Autarky Price

The price of a good in a country without international trade, determined solely by domestic supply and demand.