If You Have as a Standard That You Will Always

question 69

Multiple Choice

If you have as a standard that you will always tell the truth, regardless of pressures or cost, which ethical philosophy are you following?

• A) Moral relativism
• B) Rights and Justice
• C) Utilitarianism
• D) Virtue ethics

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Definitions:

External Cost

An external cost, or negative externality, refers to a cost that a transaction or activity imposes on parties who are not involved in the transaction, such as pollution affecting non-participants.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, often leading to an under-provision of a good or service.

Vaccination

A medical intervention that introduces a substance to stimulate the body's immune response against disease.

Producer Surplus

The discrepancy between what sellers are prepared to take for a product or service and the actual payment they get in the marketplace.