Walter Stace | on Ethical Relativism

question 80

Multiple Choice

Walter Stace | On Ethical Relativism
Ethical relativism can be understood as an extreme left-wing response to ethical absolutism, which arose naturally out of Christian theology. Stace points out that while the former denies the latter, it also uses the term standard in a different way. While absolutist distinguishes between what is right and what is only thought to be right, the relativist sees them as the same.
-For an absolutist, not recognizing a universal moral truth is akin to not recognizing a ___________ truth.

• A) mortal
• B) legal
• C) scientific
• D) professional

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Definitions:

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often due to externalities, monopolies, information asymmetries, or public goods.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Leisure

Leisure refers to the time spent away from work, business, or compulsory activities, allowing for rest, recreation, or personal interests and activities.

Higher Wage

A wage level that is above the average or norm, often reflective of high skill levels, demand for specific labor, or union negotiations.