Question: The difference between ethics and morals is: Ethics denotes the theory of right action and the greater good and morals indicates their practice. Ethics

The difference between ethics and morals is: Ethics denotes the theory of right action and the greater good and morals indicates their practice. Ethics is an academic theory while morals deals with the practical issues of everyday life Ethics reflects established doctrine while morals is just an opinion. QUESTION 5 David Ricardo developed what theory? Absolute advantage Supply and Demand Comparative advantage O Mercantilist economies QUESTION 6 False The theory of comparative advantage also aids in enhancing specialization- a concentration of labor and other resources for producing a single product. True QUESTION 7 What is meant by Free Trade? 5 points Save Answer Trade among capitalist countries Trade without government barriers or support Trade without tariffs 5 points 5 points Save Answer Save Answer

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