There Are Three Values Central to the Confucian System of Ethics

question 95

Multiple Choice

There are three values central to the Confucian system of ethics that have very important economic implications. Which of the following is one of these values?

• A) filial piety
• B) rule-based law
• C) humaneness
• D) honesty in dealings with others

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Definitions:

Marginal Cost

The supplementary expenditure incurred by making one more unit of a product or service.

Relevant Resources

Resources that are directly applicable to the current economic, educational, or social context or need.

Industry Expands

This refers to the growth in the production capacity and output of various sectors in an economy, often due to increased demand or technological advancements.

Long-Run Supply Curve

A graphical representation showing the quantities of a good a firm is willing to supply at different prices over a period when all input levels can be varied.