Universal Ethics Are Actions Performed Out of Duty and Obligation

question 35

True/False

Universal Ethics are actions performed out of duty and obligation to a purely moral ideal,rather than based on the needs of the situation,since the universal principles are seen to apply to everyone,everywhere,all the time.

---

Definitions:

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

Market

A venue or mechanism where buyers and sellers come together to exchange goods, services, or information.

Price

The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production costs.