Which Ethical Principle Emphasizes Putting Oneself into the Place of Others

question 30

Multiple Choice

Which ethical principle emphasizes putting oneself into the place of others and thinking of oneself as the object of the decision?

• A)the Golden Rule
• B)Universalism
• C)the Collective Utilitarian principle
• D)the Social Contract rule

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Definitions:

Water Markets

Systems or platforms where water rights can be traded amongst users, typically to allocate water resources efficiently.

Supply Problems

Challenges related to the provision or availability of goods and services, which can stem from production issues, distribution disruptions, or resource scarcity.

Economic Profits

The variance between total income and total outlays of a business, taking into account both clearly stated and implied expenses.

Competitive Price-Searcher

A type of market structure where firms set their prices based on the competition and search for the best price to maximize their profits.