According to Kohlberg, at the Postconventional Level of Moral Reasoning

question 8

Multiple Choice

According to Kohlberg, at the postconventional level of moral reasoning, moral decisions:

• A)are based on external consequences
• B)are based on internalized rules
• C)are based on abstract principles
• D)reflect the morality of law and social rules

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Definitions:

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Saving Rate

The portion of income that is not spent on consumption but is saved or invested for future use.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold; countries agree to convert currency into a fixed amount of gold.

Fixed Exchange-Rate

A regime under which the government or central bank ties the official exchange rate to another country's currency or the price of gold.