Ritchie's Robots Decided to Continue Operations at One Plant While

question 162

Multiple Choice

Ritchie's Robots decided to continue operations at one plant while shutting down another. The decision was justified on the basis of what was best for the total corporation. This is an example of the

• A) utilitarian approach.
• B) individualism approach.
• C) moral-justice approach.
• D) justice approach.
• E) illegal approach.

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Definitions:

Low-Wage Nations

Countries where the general level of wages is significantly lower than in developed nations.

Productive

The ability to generate a significant amount of output (goods or services) per unit of input (labor, capital, etc.).

Merchandise Balance of Trade

The difference in value between a country's merchandise exports and merchandise imports over a certain period.

Negative

In an economic context, this term often implies a deficit or a diminishing amount in financial accounts or outcomes.