Which of the Following Observations Is True of Ethics

question 37

Multiple Choice

Which of the following observations is true of ethics?

• A)It is descriptive in nature.
• B)It deals with our reasoning about how we should act.
• C)It provides an account of how and why people act the way they do.
• D)It is equivalent to law-abiding behavior.

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Definitions:

Pound/Dollar Market

A foreign exchange market where the British pound and the US dollar are traded, indicating the exchange rate between these two currencies.

Exchange Rate

The value of one currency for the purpose of conversion to another, impacting international trade and economics.

Freely Fluctuating Exchange Rates

Exchange rates that are determined by the open market forces of supply and demand without direct government intervention.

Currency Appreciation

An increase in the value of one currency relative to other currencies in the foreign exchange market.