In the Example of the Moral Dilemma Involving the Druggist

question 178

Multiple Choice

In the example of the moral dilemma involving the druggist, which of the following responses would demonstrate the conventional level?

• A)People would think he was dishonest and a "thief."
• B)Even if he steals the drug, his wife will probably die before he gets out of jail.
• C)His wife may be ill, but if he steals the drug he may get caught and go to jail.
• D)He should steal the drug and admit to it.

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Definitions:

Inelastic Demand Functions

Demand functions that represent situations where the quantity demanded of a good or service changes very little in response to changes in its price.

Monopolist

An individual or entity that is the sole provider of a particular product or service in a market, enabling control over prices.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Markets

Places or systems where buyers and sellers engage in exchange of goods, services, and information.