Answer:
the utilitarian theory of ethics in business contexts.
Explanation:
According to the Utilitarian theory of ethics, the steps to be chosen by any business of entity should rely on maximizing the good and minimizing the sufferings. Also, at the same time, the benefit or good to the maximum is required to be considered before taking any decision.
In the given excerpt, Hailey adopts the utilitarian theory of ethics by focusing on the outcome of the steps that he take.
It shows the max possible output combinations of two goods or services an economy can get when all the resources are efficiently and fully used.
Benzene is an important organic compound with the chemical formula C6H6 and a ring structure. Benzene was not provided as a contaminant during the general chemistry lab because, it is does not have the same chemical composition like the other two chemicals, that is, toluene and melthyl benzene. Also, due to the nature of benzene, it does not remain in the environment for a long time, thus it will be difficult to measure and isolate it. Also, benzene is a toxic compound and it poses a threat to the safety of the lab users. Benzene has been classified as a known carcinogen.
Answer:
real GDP
Explanation:
The above rule was proposed by Milton Friedman that the money supplied by the central bank be increased by constant percentage on annual basis. In other words, constant money growth rate rule suggested money supply growth rate be equal to GDP growth rate annually.
According to Friedman, monetary policy contributes to fluctuation in an economy. He suggested that the best way to stabilize a fluctuating economy is to allow the central bank increase money supply in the long run by a targeted amount annually irrespective of the situation of the economy.
Answer:
B. What is the most effective allocation?
Explanation:
Economics is the social study of how society allocates its limited resources to meet the unlimited need of its members. It involves the distribution of scarce resources to various sections of the community to meet different wants. Economist's primary concern is the efficient use of the available resources to achieve maximum benefits.
Economics will involve making decisions on the use of available resources. Economists will calculate the opportunity cost in every situation before making a decision. The purpose of finding the opportunity costs to determine the most effective ways of allocating resources.