Which of the Following Is Not One of the Four

question 45

Multiple Choice

Which of the following is not one of the four basic principles shared by ethical schools of thought in western culture?

• A) accountability
• B) privacy
• C) responsibility
• D) liability

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Definitions:

Economic Model

A simplified representation of economic processes, often using mathematical formulas or graphs, to analyze behavior and predict outcomes.

Inductive Reasoning

A method of reasoning in which a conclusion is reached based on the observation of specific instances or patterns.

Variable Theory

A conceptual framework that outlines how variables interact within a particular study or model.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.