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"Rules of thumb" can guide value selection in any ethical dilemma, whether related to patient care or the student-instructor relationship. A clinical nursing instructor who chooses to counsel a student who lied about completing a patient care assignments rather than removing her from the clinical setting is most likely using which of the following "rules of thumb"?
Free Markets
An economic system in which prices are determined by unrestricted competition between privately owned businesses, without government intervention.
Efficiency
The optimal allocation of resources to produce the maximum amount of goods and services, with the least waste of resources.
Pareto Optimality
Pareto Optimality is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.
Income Distribution
Income Distribution refers to the way in which total income is shared among the members of a society.
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