_________ Has/have Been Defined as "Standards or Guidelines That Govern

question 10

Multiple Choice

_________ has/have been defined as "standards or guidelines that govern human cooperation-in particular, how rights, duties, and benefits are to be allocated"

• A) Beliefs
• B) Morality
• C) Theories
• D) Ethics

---

Definitions:

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Consumer Surplus

The imbalance between the total budget consumers are willing to allocate for a product or service and the actual spending.

Consumer Surplus

The separation between the ideal amount consumers are willing to spend on a service or product and their real expenditures.

Producer Surplus

The discrepancy between what producers are ready to take for a product or service and the real amount they get.