Which Ethical Principle Tells You That It Is Wise to Assume

question 75

Multiple Choice

Which ethical principle tells you that it is wise to assume perfect information markets?

• A)the Golden Rule
• B)the New York Times test
• C)the Social Contract rule
• D)the Collective Utilitarian principle

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Definitions:

Cause and Effect

The principle that actions or events lead to a certain consequence or outcome, wherein the cause is why something happens, and the effect is what happens.

Arithmetic Mean

The sum of a set of numerical values divided by the number of values in the set, commonly known as the average.

Average

A statistical measure representing the central or typical value in a set of data, calculated mainly as the mean or median.

Inferential Statistics

A branch of statistics that allows one to make predictions or inferences about a population based on a sample of data.