Explain What Singer Means by the Following Two Passages

question 125

Essay

Explain what Singer means by the following two passages. (1) Singer offers a simple principle: "if it is in our power to prevent something bad from happening, without thereby sacrificing anything of comparable moral importance, we ought, morally, to do it." (2) "The uncontroversial appearance of the principle just stated is deceptive. If it were acted upon, even in its qualified form, our lives, our society, and our world would be fundamentally changed."

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Definitions:

Aggregate Demand Curve

A curve that represents the total demand for goods and services within an economy at various price levels, all else being equal.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, often used to measure inflation.

Aggregate Supply Curve

Illustrates the total output of goods and services that producers in an economy are willing to supply at different price levels, in the short run or the long run.

Horizontal Segment

A portion or segment of the market where businesses offer products or services that are similar and target the same consumer group, often within the same industry sector.