Ethical Relativism Refers to the Gray Area in Which Ethical

question 85

True/False

Ethical Relativism refers to the gray area in which ethical principles are defined by the traditions of society,personal opinions,and the circumstances of the present moment.

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Definitions:

Excise Tax

A type of tax charged on specific goods, such as alcohol and tobacco, often used to discourage their use and generate revenue.

Tax Burden

The measurement of taxes paid by an individual or business, often expressed as a percentage of income or revenue.

Consumers

Consumers are individuals or entities that purchase goods or services for personal use and not for manufacture or resale.

Long Run

The time period in which all inputs can be varied.