Many Legal Obligations Are Based on Moral Obligations, but Not

question 22

True/False

Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable.

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Definitions:

Market Equilibrium

A condition or state where the supply of a good matches its demand, leading to a stable market price for the good.

Good

A tangible product or item that satisfies some human desire or need, often available for sale in the market.

Tax Revenue

Government income collected from citizens and businesses through imposed levies and duties.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.