Which of These Is or Are in the WPH Process

question 27

Multiple Choice

Which of these is or are in the WPH process of ethical decision-making?

• A)Freedom,security,and efficiency
• B)Security only
• C)Freedom only
• D)Efficiency only
• E)Freedom and security,but not efficiency

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Definitions:

Government Surplus

The situation where a government's income from taxes and other sources exceeds its expenditure over a specified period.

Keynesians

are economists or adherents of the economic theories of John Maynard Keynes, who advocated for government intervention in markets to mitigate the adverse effects of economic cycles.

Monetarists

Economists who theorize that alterations in the money supply have a major influence on the national output in the short run and affect price levels over more prolonged periods.

Rational Expectationists

Economists who argue that individuals make decisions based on their rational outlook, available information, and past experiences.