All of the following about "ethics" is true, except: Multiple Choice Business ethics is the application of ethical standards to commercial enterprises. Ethics may be defined as a system of right and wrong. Ethics is not concerned with whether or not an act is socially desirable. Ethics assists individuals in deciding when an act is moral or immoral.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.