Both Moral Reasoning and Moral Reflection Yield Conclusions About What

question 20

Multiple Choice

Both moral reasoning and moral reflection yield conclusions about what should be done or not done, called

• A) descriptive claims.
• B) foundational principles.
• C) moral judgments.
• D) personal considerations.

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Definitions:

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Diminishing Utility

A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.

Externalities

Costs or benefits that affect parties who did not choose to incur that cost or benefit, often leading to market failure if unaddressed.