Which Ethical Principle Is Most Often Discussed in Terms of Public

question 8

Multiple Choice

Which ethical principle is most often discussed in terms of public policy issues related to resource distribution and fair and appropriate allocation of scarce resources?

• A) Justice
• B) Veracity
• C) Confidentiality
• D) Societal trust

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Definitions:

Production Possibilities

The different quantities of goods that an economy can produce using all available resources and technology effectively.

Gain From Trade

The benefits that countries or individuals obtain by engaging in international trade, allowing for the consumption of more goods and services than would be possible without trade.

Opportunity Cost

The loss incurred from ignoring the subsequent best alternative in a decision-making scenario.

Constant Rate

A steady, unchanging rate of change in a mathematical or economic process.