Applied Ethics

question 7

Multiple Choice

Applied ethics

• A) is a unique ethical theory.
• B) attempts to solve problems like the roles of intentions or consequences in morality.
• C) attempts to solve complex practical moral problems in specific areas like business or medicine.
• D) is the grand unified ethical theory.

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Definitions:

Magazine Circulation

The total number of copies of a magazine that are distributed to subscribers and retailers within a specific period.

Consumer Surplus

The distinction between the aggregate amount consumers are inclined and capable of paying for a service or product and what they actually disburse.

Minimum Imposed Price

A price floor set by the government or a regulatory body, below which the price of a good or service cannot fall.

Producer Surplus

The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.