In Figure 35

question 38

Multiple Choice

In Figure 35.1, what is the opportunity cost of motorcycles in the United States?

• A) 1/2 of a DVD player per motorcycle.
• B) 1/3 of a DVD player per motorcycle.
• C) 2 DVD players per motorcycle.
• D) 1 DVD player per motorcycle.

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Definitions:

Moral Hierarchies

The ranking of actions, individuals, or ideas on a scale of moral goodness or ethical superiority.

Ethical Relativism

The belief that morality is not universal and that ethical truths depend on the individuals and groups holding them.

Situational Ethics

A theory suggesting that ethical decisions should be made based on the specific context of a situation rather than fixed laws.

Deontology

An ethical theory that emphasizes duty, rules, and the inherent rightness of actions, irrespective of the consequences.