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The next question(s) refer to the following data:
Suppose a country using the Australian system of unemployment statistics has 300 million people, of whom 200 million are working age. Of these 200 million, 80 million have jobs. Of the remainder: 40 million are actively searching for jobs; 40 million would like jobs but are not searching; and 40 million do not want jobs at all.
-Refer to the information above. The labour force participation rate is:
Unethical or Illegal Actions
Behaviors or decisions that are morally wrong and/or violate legal standards, typically involving misuse of power or resources.
Competing Firms
Competing firms are businesses that operate in the same market, offering similar products or services to the same customer base, and thus compete for market share, sales, and leadership in their industry.
Moral Idealism
A personal moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome.
Personal Moral Philosophy
An individual’s set of beliefs, principles, and values concerning what is right and wrong, shaping ethical behavior and decisions.
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