Ross Attempted to Justify His List of Seven Prima Facie

question 10

Multiple Choice

Ross attempted to justify his list of seven prima facie duties by appeal to …

• A) Fundamental moral principles that imply those duties
• B) Intuition and self-evidence
• C) Common morality
• D) What a virtuous agent, acting in character, does

Comprehend how current production levels relative to planned expenditure affect inventories and production decisions.

Understand how autonomous investments affect aggregate expenditure and its impact on the economy.

Calculate and understand the implications of the simple spending multiplier based on the marginal propensity to consume and save.

Recognize how changes in the price level influence consumption, exports, and the aggregate demand curve.

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Definitions:

Notes Receivable

Written promises for amounts to be received by a business, usually detailing interest and the due date for repayment.

Cash Loan

A type of loan where the borrower receives a cash amount upfront and agrees to pay back both the principal and interest over a set period.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and agrees to repay it, with interest, over a set period.

Interest to be Collected

The amount of interest income that has been earned but not yet received in cash.