Ethics is an important foundation for the positive analysis of nonmarket issues.

Question

Quizplus · Accepted Answer

Ethics provides a moral and value-based framework for analyzing nonmarket issues such as social responsibility, environmental protection, and human rights. This framework guides decision-making and helps ensure that nonmarket outcomes align with societal goals and values. Without an ethical foundation, nonmarket analysis could result in outcomes that prioritize individual or corporate interests over broader societal well-being.

Ethics Is an Important Foundation for the Positive Analysis of Nonmarket