Question 1

Marxism states

Accepted Answer

A) capitalism leads to a concentration of property and thus a concentration of resources and power in relatively few hands. 
B) socialism will eventually be replaced by financial capitalism. 
C) the means of production should be placed under the control of the bourgeoisie. 
D) only workers who are poorly paid in a capitalist system are alienated. 
A) capitalism leads to a concentration of property and thus a concentration of resources and power in relatively few hands. 
B) socialism will eventually be replaced by financial capitalism. 
C) the means of production should be placed under the control of the bourgeoisie. 
D) only workers who are poorly paid in a capitalist system are alienated.

Question 2

Capitalism is possible without private property.

Accepted Answer

A) True 
 B)False

Question 3

Sometimes capitalism is defended based on the idea that we have a natural right to property.How might this defense be criticized?

Accepted Answer

The defense of capitalism based on the i

Question 4

Which of the following accurately reflects the concept of Marxism?

Accepted Answer

A) It is only within a capitalist economic system that workers are not alienated from the products of their labor. 
B) Only workers who are poorly paid for their labor are alienated. 
C) Within a capitalist economic system,the activity of labor is an end in itself and,as a result,has intrinsic value. 
D) Labor is alienated in a capitalist economic system (in part) because the labor of a worker stands opposed to the worker as an autonomous power. 
A) It is only within a capitalist economic system that workers are not alienated from the products of their labor. 
B) Only workers who are poorly paid for their labor are alienated. 
C) Within a capitalist economic system,the activity of labor is an end in itself and,as a result,has intrinsic value. 
D) Labor is alienated in a capitalist economic system (in part) because the labor of a worker stands opposed to the worker as an autonomous power.

Question 5

According to Adam Smith,the division of labor decreases economic activity.

Accepted Answer

A) True 
 B)False

Question 6

How many Americans believe that "if you work hard enough,you'll make it?"

Accepted Answer

A) One out of two. 
B) One out of three. 
C) One out of four. 
D) One out of five. 
A) One out of two. 
B) One out of three. 
C) One out of four. 
D) One out of five.

Question 7

The capitalism that we know today in the United States is a "pure" form of laissez-faire capitalism.

Accepted Answer

A) True 
 B)False

Question 8

A basic tenet of capitalism is that

Accepted Answer

A) property refers only to physical objects. 
B) ownership is a simple relationship between a person and the thing owned. 
C) capitalism requires private ownership of the major means of production. 
D) in the 21st century,capitalism no longer requires capital. 
A) property refers only to physical objects. 
B) ownership is a simple relationship between a person and the thing owned. 
C) capitalism requires private ownership of the major means of production. 
D) in the 21st century,capitalism no longer requires capital.

Question 9

What objection to laissez-faire do you find the most persuasive? How might one defend laissez-faire from such an objection?

Accepted Answer

The most persuasive objection to laissez

Question 10

What does it mean to say that American companies are too focused on the short term?

Accepted Answer

When it is said that American companies

Question 11

How do defenders of capitalism respond to critics who point to the profound economic inequalities that characterize capitalist society?

Accepted Answer

Defenders of capitalism often respond to

Question 12

Adam Smith claims that the people seeking self-interest in a free market through competition can benefit society as a whole.

Accepted Answer

A) True 
 B)False

Question 13

If it's true that individuals have a natural right to own property,then there can be no limits on this right.

Accepted Answer

A) True 
 B)False

Question 14

As a classical moral justification of capitalism,the natural right to property is a utilitarian justification.

Accepted Answer

A) True 
 B)False

Question 15

None of the specific measures proposed by Marx and Engels in the Communist Manifesto have been implemented in capitalist countries.

Accepted Answer

A) True 
 B)False

Question 16

An exclusive focus on short-term performance

Accepted Answer

A) is the best guarantee of a company's long-term performance. 
B) has helped to create a high-pressure environment conducive to fraud. 
C) encourages long-term research and development. 
D) hurts stock prices. 
A) is the best guarantee of a company's long-term performance. 
B) has helped to create a high-pressure environment conducive to fraud. 
C) encourages long-term research and development. 
D) hurts stock prices.

Question 17

Utilitarians reject the very idea of a natural right to property.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following historical stages of capitalism came first?

Accepted Answer

A) financial 
B) mercantile 
C) industrial 
D) state welfare 
A) financial 
B) mercantile 
C) industrial 
D) state welfare

Question 19

Though many jobs are outsourced,most economists believe

Accepted Answer

A) Mexico is the place to work. 
B) the United States is in trouble. 
C) the economy will create new jobs in the USA. 
D) manufacturing will make a comeback. 
A) Mexico is the place to work. 
B) the United States is in trouble. 
C) the economy will create new jobs in the USA. 
D) manufacturing will make a comeback.

Question 20

According to Alfie Kohn,competition promotes individual and group achievement better than cooperation.

Accepted Answer

A) True 
 B)False

Marxism states

Capitalism is possible without private property.

Sometimes capitalism is defended based on the idea that we have a natural right to property.How might this defense be criticized?

Which of the following accurately reflects the concept of Marxism?

According to Adam Smith,the division of labor decreases economic activity.

How many Americans believe that "if you work hard enough,you'll make it?"

The capitalism that we know today in the United States is a "pure" form of laissez-faire capitalism.

A basic tenet of capitalism is that

What objection to laissez-faire do you find the most persuasive? How might one defend laissez-faire from such an objection?

What does it mean to say that American companies are too focused on the short term?

How do defenders of capitalism respond to critics who point to the profound economic inequalities that characterize capitalist society?

Adam Smith claims that the people seeking self-interest in a free market through competition can benefit society as a whole.

If it's true that individuals have a natural right to own property,then there can be no limits on this right.

As a classical moral justification of capitalism,the natural right to property is a utilitarian justification.

None of the specific measures proposed by Marx and Engels in the Communist Manifesto have been implemented in capitalist countries.

An exclusive focus on short-term performance

Utilitarians reject the very idea of a natural right to property.

Which of the following historical stages of capitalism came first?

Though many jobs are outsourced,most economists believe

According to Alfie Kohn,competition promotes individual and group achievement better than cooperation.

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

Corporations

Consumers

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters

Exam 4: The Nature of Capitalism

Marxism states

Capitalism is possible without private property.

Sometimes capitalism is defended based on the idea that we have a natural right to property.How might this defense be criticized?

Which of the following accurately reflects the concept of Marxism?

According to Adam Smith,the division of labor decreases economic activity.

How many Americans believe that "if you work hard enough,you'll make it?"

The capitalism that we know today in the United States is a "pure" form of laissez-faire capitalism.

A basic tenet of capitalism is that

What objection to laissez-faire do you find the most persuasive? How might one defend laissez-faire from such an objection?

What does it mean to say that American companies are too focused on the short term?

How do defenders of capitalism respond to critics who point to the profound economic inequalities that characterize capitalist society?

Adam Smith claims that the people seeking self-interest in a free market through competition can benefit society as a whole.

If it's true that individuals have a natural right to own property,then there can be no limits on this right.

As a classical moral justification of capitalism,the natural right to property is a utilitarian justification.

None of the specific measures proposed by Marx and Engels in the Communist Manifesto have been implemented in capitalist countries.

An exclusive focus on short-term performance

Utilitarians reject the very idea of a natural right to property.

Which of the following historical stages of capitalism came first?

Though many jobs are outsourced,most economists believe

According to Alfie Kohn,competition promotes individual and group achievement better than cooperation.

The Nature of Morality

Normative Theories of Ethics

Justice and Economic Distribution

Corporations

Consumers

The Environment

The Workplace 1: Basic Issues

The Workplace 2: Todays Challenges

Moral Choices Facing Employees

Job Discrimination

Filters