The Standards in the NASW Code of EThics Are Based

question 8

Multiple Choice

The standards in the NASW Code of EThics are based on

• A) Constitutional rights and freedoms
• B) Societal attitudes
• C) Social work values
• D) Common law

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Definitions:

Average Revenue

The amount of income generated per unit of output, calculated by dividing total revenue by the number of units sold.

Average Total Costs

The total costs of production (fixed and variable costs) divided by the number of units produced, showing the cost per unit.

Pure Monopoly

A market structure in which a single seller controls the entire supply of a product or service, and therefore can manipulate prices and conditions of sale.

Close Substitutes

Products or services that are so similar that a consumer can easily replace one with another, often affecting consumer choice and market competition.