Which Is One of the fiVe Fundamental Questions That Need

question 76

Multiple Choice

Which is one of the five fundamental questions that need to be dealt with in any economic system?

• A) What makes the rate of unemployment low?
• B) Who will be the richest group in the economy?
• C) How will goods and services be produced?
• D) How high should the prices of goods and services be?

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Definitions:

Lies

False statements made with the deliberate intention to deceive; an intentional untruth.

Prima Facie Duty

An obligation that appears to be binding upon first view, but may be overridden by stronger moral considerations.

Keep Promises

The act of fulfilling a commitment or assurance one has made.

Absolute Moral Rules

Ethical principles that are considered universally applicable and unwavering under all circumstances.