According to the Text,your Conscience Is Usually Not the Best

question 12

Multiple Choice

According to the text,your conscience is usually not the best guide for making moral and ethical decisions because it:

• A) is at the conventional level.
• B) remains too stationary.
• C) changes based on the situation.
• D) is too distant from the circumstances.
• E) relies on conflicting belief systems.

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Definitions:

Market Period

An extremely short duration in which the supply of a good is fixed, unable to adjust to changes in demand, typically because the period is so brief.

Productive Capacity

The maximum output a firm or economy can produce when using all available resources efficiently.

Calculate Elasticity

The process of assessing how the quantity demanded or supplied of a good changes in response to changes in its price or other factors.

Unit Elastic

Describes a demand or supply situation where a change in price leads to a proportional change in the quantity demanded or supplied.