Virtues

question 17

Multiple Choice

Virtues:

• A) are principles of good conduct and systems of moral values.
• B) are uniform moral principles of action.
• C) prescribe morally correct action that leads to the common good.
• D) are fundamental traits and dispositions of good character that form the foundation for morality.
• E) all of the above.

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Definitions:

Production Possibilities Frontier

A curve demonstrating the maximum feasible amount of two goods that can be produced with available resources and technology.

Bowed Out

A graphical representation showing increasing opportunity costs, indicating that resources are not perfectly adaptable for producing different goods.

Production Possibilities Frontier

A chart that maps out all possible maximum production outcomes for a pair of items, given certain inputs which involve resources and more.

Interdependence

The mutual reliance between two or more entities, where the actions of one significantly affect the other, prevalent in global economies.