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A Measure of the Responsiveness of Demand to Changes in Income

question 335

Multiple Choice

A measure of the responsiveness of demand to changes in income, all other things being constant, is


Definitions:

Moral Value

Principles or standards of behavior that are considered important in distinguishing right from wrong.

Moral Sentiment

An emotional response that informs or is related to one's sense of right and wrong.

Shame

A feeling resulting from the violation of a social norm.

Ethical Subjectivist

The belief that moral judgments are statements of one's feelings or attitudes, and therefore, are neither true nor false.

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