Which of the Following Is NOT True Regarding Competitive Markets

question 11

Multiple Choice

Which of the following is NOT true regarding competitive markets?

• A) Successfully globalized economies strive to attain competitive markets at home.
• B) Governments try to minimize the role of state-owned enterprises in market economies.
• C) Regulations that promote free domestic markets also tend to promote globalization.
• D) Antitrust laws must be eliminated if competitive markets re to be sustained.
• E) Antitrust laws interfere with the natural growth of successful businesses.

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Definitions:

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Ethical Absolutism

The moral philosophy positing that universal moral standards exist, enabling the judgment of actions as inherently good or bad, irrespective of the circumstances surrounding the action.

Ethical Absolutism

The moral principle positing the existence of definitive criteria for evaluating moral queries implies that specific deeds are inherently good or bad, irrespective of the circumstances surrounding the action.

Ethical Relativism

The belief that morality varies between individuals and cultures and that there are no absolute moral truths.