What Simple Question Does Ethics Attempt to Answer

question 28

Multiple Choice

What simple question does ethics attempt to answer?

• A) Who is right and who is wrong?
• B) How should we act?
• C) What treatment is best?
• D) Who benefits most?

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity thereof that producers are willing to supply.

Alternative Good

A product or service that consumers may choose as a substitute for another good or service.

Quantity Supplied

The amount offered for sale per period at a particular price, as reflected by a point on a given supply curve.

Resource Prices

Prices of inputs used in the production of goods and services, including raw materials, labor, and capital.