If McDonald's Applies the Morality It Practices in the United

question 8

Multiple Choice

If McDonald's applies the morality it practices in the United States to all foreign countries in which it operates, then McDonald's is most likely adhering to ________.

• A) moral universalism
• B) ethical relativism
• C) ethnocentrism
• D) geocentrism

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Definitions:

AS Curve

Short for Aggregate Supply Curve, it represents the total supply of goods and services that firms in an economy are willing to sell at a given price level.

Maximum Output Level

The highest level of output that a company can produce in a given period without increasing the input.

National Output

The total value of all goods and services produced by a country's economy over a specific time period.

Short-Run Phenomenon

An event or circumstance that occurs and resolves within a brief period, affecting economic variables temporarily.