Examlex
Pick any of the contexts in which the police use deception-during investigations, while interrogating suspects or defendants, or in court-and explain how the tactic is ethically justified using guiding principles from any of the systems of ethics with which you are familiar.
Substitution Effect
A change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less expensive ones.
Price of Labor
The wage rate or compensation given to workers for their labor services, typically influenced by the supply and demand for labor in the market.
Output Effect
The output effect describes how changes in price can affect the quantity of goods or services produced by firms, often related to the concepts of supply and demand.
Technological Improvement
Enhancements or advancements in technology that increase productivity, efficiency, or quality in the production of goods and services.
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