Which Ethical Principle Asks You to Assume That Virtually All

question 44

Multiple Choice

Which ethical principle asks you to assume that virtually all tangible and intangible objects are owned by someone else unless there is a specific declaration otherwise?

• A)the Golden Rule
• B)the Slippery Slope
• C)the Social Contract rule
• D)No Free Lunch

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Definitions:

Private Costs

The costs that are incurred by an individual or a company when producing goods or services.

Bystanders

Individuals who are present at an event or incident but do not take part in it, often discussed in the context of emergency situations or accidents.

Congestion Toll

A fee charged to drivers who use certain roads during peak periods, intended to reduce traffic congestion by discouraging the use of those routes.

Internalizing

The process of absorbing or taking in information, values, or costs, often used when discussing the incorporation of external costs into market prices.