The Belief That All Life Is Sacred and Must Be

question 18

Multiple Choice

The belief that all life is sacred and must be preserved regardless of the quality of that life is an example of:

• A) Cultural bias
• B) Personal value
• C) Universal truth
• D) Individual preference

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Definitions:

Cartel

An agreement among several producers to obey output restrictions in order to increase their joint profits.

Marginal Cost

The cost incurred from producing one additional unit of a product or service.

Output

The amount of goods or services produced by a business, industry, or economy.

Oligopolistic

Pertaining to an oligopoly, describing a market dominated by a small number of firms, leading to strategic behaviors among them.