Which of the Following Is Not an Element of Making

question 34

Multiple Choice

Which of the following is not an element of making ethical judgments?

• A) observation of the decision or action
• B) comparison of the decision or action to prevailing norms of acceptability
• C) recognition that value judgments are made regarding the decision or action and the prevailing norms of acceptability
• D) awareness of the moral implications of a situation

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Definitions:

Means of Production

The resources—including land, labor, capital, and technology—used to produce goods and services in an economy.

Capital

Wealth in the form of money or assets, used in the production of more wealth.

Depression

An extended period of significant decline in economic activity across an economy, characterized by high unemployment, low consumer spending, and reduced industrial output.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.