Which of the Following Is One of the Ethical Principles

question 45

Multiple Choice

Which of the following is one of the ethical principles proposed by Rawls?

• A) People from the lower strata of a society should be given special opportunities for achievement.
• B) Social inequalities should be based on a person and not on his or her actions.
• C) Everyone is entitled to certain equal basic rights, including liberty, freedom of association, and personal security.
• D) The concerns of an individual are more important than the concerns of a society.
• E) Economic inequalities should be based on a person and not the person's actions.

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Definitions:

Inelastic

Describing demand or supply that is relatively unresponsive to price changes, meaning the percentage change in quantity is less than the percentage change in price.

Zero Production Costs

The hypothetical situation in which a good or service can be produced with no expenditure or effort, leading to an unlimited supply.

Profit-Maximizing Monopolist

A monopolist that sets its output and price levels to achieve the highest possible profit, given its unique position as the sole supplier in the market.

Demand Schedule

A chart or table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.