What Is the First Step to Effective Ethical Decision Making

question 14

Multiple Choice

What is the first step to effective ethical decision making?

• A) Consult code of ethics
• B) Develop ethical sensitivity
• C) Develop self-awareness
• D) Take action

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, aiming to protect domestic industries from foreign competition.

Quota

A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported.

Nations Trade

The exchange of goods, services, and capital between countries, driven by comparative advantages and specialization.

Frederic Bastiat

A 19th-century French economist and writer known for his advocacy of classical liberalism and his witty criticisms of protectionism.