Integrative Social Contracts Theory Maintains That

question 50

Multiple Choice

Integrative social contracts theory maintains that

• A) there is no such thing as "moral free space"-all ethical standards are determined by societal norms,and individuals have an implied social contract to live up to these standards.
• B) few nations or cultures have common moral agreement on what is ethically right and wrong.
• C) there should be no absolute limits put on what actions and behaviors fall inside the boundaries of what is ethically or morally right and which actions/behaviors fall outside.
• D) "first-order" universal ethical norms always take precedence over "second-order" local ethical norms.
• E) each country/culture/society has commonly held views about what constitutes ethically appropriate actions/behaviors;these common standards of what is ethical and what is not combine to form a "social contract" that all individuals in that country/culture/society are obligated to observe.

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Definitions:

Total Producer Surplus

The total benefit that producers receive from selling a good or service, measured as the difference between the market price and the minimum price producers are willing to accept.

Caitlin's Producer Surplus

The difference between what a producer (in this case, Caitlin) actually receives for selling a good and the minimum they would be willing to accept.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, measured by the area above the supply curve and below the market price.

Whitewater Rafting

A recreational outdoor activity which uses an inflatable raft to navigate through rough or whitewater rivers.