Ethical dilemmas are the study of how ethical theories are put into practice.

Answer the following statement true (T) or false (F)


False

An ethical dilemma refers to a situation in which there is no obvious right or wrong decision, but rather a right or right answer.

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The nominal exchange rate equals the real exchange rate adjusted for changes in the price level.

a. True b. False

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Car rental and airplane travel are examples of _____ services

a. regulated goods b. owned-goods c. nongoods d. rented-goods

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Which of the following goods is likely to be the most income elastic?

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Doing business in developing countries is riskier than in developed countries

Indicate whether the statement is true or false

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