The Term Ethics Means Which of the Following

question 37

Multiple Choice

The term ethics means which of the following?

• A)a way of justifying behavior that cannot otherwise be justified
• B)"the just-right point between excess and defect"
• C)a rational means of decision making when both alternatives are equally attractive or unattractive
• D)a religious or philosophical code of behavior

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Definitions:

Efficient Combination

The optimal use or allocation of resources to achieve the best possible outcome or production level.

Economy Will Produce

Refers to the total output of goods and services that an economy generates over a specific time frame.

Outside The Frontier

Referring to production or economic activity occurring at a level below the potential or efficient production frontier, indicating underutilization of resources.

Available Technology

Refers to the current set of tools, machinery, and methods that can be used to produce goods and services.