Answer:
a. Time Orientation - Folkway
b. Role of Women - Folkway
c.Use of alcohol- Value
d.Theft- More
e. Japanese Business Etiquette- Folkway
f. Freedom- Value
Explanation:
A Folkway is a set of norms that are related to everyday behavior. They are not necessarily rules and have no law guiding them but they tend to be known widely and generally as norms. Examples are Business Etiquettes and the role of women.
A More is an act that is either considered right or wrong. They are sometimes converted into laws with punishments attached to them. Examples are Theft and murder.
Having a value means desiring certain kinds of behaviors because they are good. An example is Freedom.
Answer:
B). Descriptive ethics.
Explanation:
As per the given description, the 'descriptive ethics' is the type of field or topic that would describe the 'moral standards or ethical codes of the Colonial America' as such an approach emphasizes on observing the attitudes of people and how they take decisions morally. It also aims to examining the beliefs or notions of the people based on morality and questions their ethical patterns they follow. Therefore, <u>option B</u> i.e. <u>'descriptive ethics'</u> is the answer.
Answer:
The correct answer is - <em>The market for factors of production connects household spending to goods produced by firms.</em>
Explanation:
The circular flow diagram of economy identifies two distinct parts of economy:
- <u>Market for products and services</u> where money flows from workers, in the form of salary, back to firms, as a form of goods and services.
- <u>Market for factors of production</u>, where firms purchase means for production, such as labor or capital from households in exchange for money.
