If the Ratio of the Dollar Price of a U

question 133

Multiple Choice

If the ratio of the dollar price of a U.S.toy to the dollar price of the same toy sold in China is less than 1,U.S.toys are ________ than Chinese toys and retailers in the United States should ________.

• A) cheaper; buy the toys from American suppliers
• B) cheaper; buy the toys from Chinese suppliers
• C) more expensive; buy the toys from American suppliers
• D) more expensive; buy the toys from Chinese suppliers

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Definitions:

Moral Principles

Fundamental beliefs about what is right and wrong that guide ethical behavior.

Duty

Duty refers to a moral or legal obligation to perform or refrain from performing a certain action.

Virtue

is a moral excellence or commendable trait, such as honesty or kindness, that is valued as a foundation of good moral being.

Ethical Person

An individual who consistently acts with integrity and follows moral principles in their decisions and behaviors.