Which of the Following Is NOT Identified in Chapter 12

question 52

Multiple Choice

Which of the following is NOT identified in Chapter 12 as one of the three central concepts of Confucian ethics?

• A) Rén (benevolence).
• B) Wú wéi (doing without trying).
• C) Yì (integrity or righteousness).
• D) Lǐ (ritual propriety).

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Definitions:

Active Approach

An active approach in policy-making or investment strategy entails ongoing, deliberate interventions or decisions to achieve specific economic or financial goals.

Potential Output

The maximum level of real GDP that can be produced when all resources are fully employed in an economy, indicating its productive capacity.

Real GDP

The total value of all goods and services produced within a country, adjusted for inflation, providing a more accurate measure of economic performance.

Passive Approach

A Passive Approach refers to a strategy where minimal intervention or action is taken, often relating to investment or policy decisions.