Which of the Following Principles States That People Should Be

question 52

Multiple Choice

Which of the following principles states that people should be treated equally?

• A) Ethics
• B) Morality
• C) Justice
• D) Autonomy

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable due to market distortions like taxes or subsidies.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices.

Market

Any structured exchange where buyers and sellers interact to trade goods, services, or information.