The Figure Below Shows the Demand (D) and Supply (S)

question 43

True/False

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Tariffs are considered to be a popular tax in the first world countries who justify them on the basis of the revenue they generate for government spending.

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Definitions:

Deontological Theory

A moral philosophy that emphasizes the importance of adherence to a set of duties or rules, suggesting that the morality of an action is primarily determined by its adherence to these rules, rather than by its consequences.

Kantianism

Kantianism is a philosophical doctrine based on the works of Immanuel Kant, emphasizing the principles of universal morality, duty, and the importance of intention behind actions.

Rights Theory

A framework in ethics and philosophy that holds certain rights as fundamentally important to human beings, which must be respected and protected.

Deontological Theory

An ethical framework that judges the morality of an action based on the action's adherence to rules or duties, rather than the consequences of the action.