Question 1

The just price:

Accepted Answer

A)  is the economic price for which a good or service is offered in the marketplace. 
B)  incorporates an excessive profit. 
C)  is determined by supply and demand without any moral dimension. 
D)  is inspired by fairness. 
A)  is the economic price for which a good or service is offered in the marketplace. 
B)  incorporates an excessive profit. 
C)  is determined by supply and demand without any moral dimension. 
D)  is inspired by fairness. D

Question 2

Milton Friedman,his colleagues,and their free market ideas came to be called the Chicago School.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is NOT true about the new communal economy that Francois-Noël Babeuf,the originator of modern socialist doctrine,envisioned?

Accepted Answer

A)  The government would receive their output and distribute to everyone the basic material necessities of life. 
B)  To eliminate individual desire for wealth and power,schools would teach egalitarian principles. 
C)  Private property would be ratified. 
D)  Citizens would be required to work based on their trade or skill. 
A)  The government would receive their output and distribute to everyone the basic material necessities of life. 
B)  To eliminate individual desire for wealth and power,schools would teach egalitarian principles. 
C)  Private property would be ratified. 
D)  Citizens would be required to work based on their trade or skill. C

Question 4

Adam Smith's vision of _____ capitalism defined the essence of economic liberalism.

Accepted Answer

A)  laissez-faire 
B)  modified market 
C)  neoliberal 
D)  state 
A)  laissez-faire 
B)  modified market 
C)  neoliberal 
D)  state

Question 5

During industrialization:

Accepted Answer

A)  consumption supplants thrift and saving. 
B)  less emphasis is placed on material things. 
C)  self-restraint overwhelms wealth creation. 
D)  rural,slow-paced societies remain unaltered. 
A)  consumption supplants thrift and saving. 
B)  less emphasis is placed on material things. 
C)  self-restraint overwhelms wealth creation. 
D)  rural,slow-paced societies remain unaltered.

Question 6

Aristotle defined material possessions and money as:

Accepted Answer

A)  determinants of adhocracy. 
B)  external goods. 
C)  goods of the soul. 
D)  determinants of socialism. 
A)  determinants of adhocracy. 
B)  external goods. 
C)  goods of the soul. 
D)  determinants of socialism.

Question 7

Summarize the rise of neoliberalism.

Accepted Answer

In the late 1940s a small,elite group of

Question 8

The philosophy that social progress comes when individuals freely pursue their self-interests in unregulated markets is known as:

Accepted Answer

A)  socialism. 
B)  mercantilism. 
C)  imperialism. 
D)  economic liberalism. 
A)  socialism. 
B)  mercantilism. 
C)  imperialism. 
D)  economic liberalism.

Question 9

Which of the following is true regarding the progressive movement?

Accepted Answer

A)  It was less radical than populism. 
B)  It had narrower appeal than populism. 
C)  It was strongly opposed by the urban middle class and professionals. 
D)  It was less effective than populism. 
A)  It was less radical than populism. 
B)  It had narrower appeal than populism. 
C)  It was strongly opposed by the urban middle class and professionals. 
D)  It was less effective than populism.

Question 10

The progressive movement was a turn-of-the-nineteenth-century social movement that associated moderate social reform with progress.

Accepted Answer

A) True 
 B)False

Question 11

The belief that hard work and adherence to a set of virtues such as thrift,saving,and sobriety would bring wealth and God's approval is known as:

Accepted Answer

A)  functionalism. 
B)  the Protestant ethic. 
C)  the Confucian ethic. 
D)  positivism. 
A)  functionalism. 
B)  the Protestant ethic. 
C)  the Confucian ethic. 
D)  positivism.

Question 12

Define utopia.

Accepted Answer

Utopia refers to a socially en

Question 13

Discuss Plato's and Aristotle's views on commercial activity.

Accepted Answer

Both Plato and Aristotle articulated the

Question 14

During the Middle Ages,the Roman Catholic Church:

Accepted Answer

A)  was tolerant of profit seeking. 
B)  focused on the acquisition of wealth. 
C)  sought special status for the poor. 
D)  love of material things was not an act against God. 
A)  was tolerant of profit seeking. 
B)  focused on the acquisition of wealth. 
C)  sought special status for the poor. 
D)  love of material things was not an act against God.

Question 15

Which of the following social movements attacked business for contributing to a range of social ills including racism and sexism,consumer fraud,dangerous and alienating work,political corruption,and war profiteering?

Accepted Answer

A)  Movements for civil rights,euthanasia,and the environment and against the Vietnamese War. 
B)  Movements for civil rights,consumer rights,euthanasia and against the Vietnamese War. 
C)  Movements for civil rights,Protestant ethics,and the environment and against the Vietnamese War. 
D)  Movements for civil rights,consumer rights,and the environment and against the Vietnamese War. 
A)  Movements for civil rights,euthanasia,and the environment and against the Vietnamese War. 
B)  Movements for civil rights,consumer rights,euthanasia and against the Vietnamese War. 
C)  Movements for civil rights,Protestant ethics,and the environment and against the Vietnamese War. 
D)  Movements for civil rights,consumer rights,and the environment and against the Vietnamese War.

Question 16

The Roman Catholic Church exhorted the merchants to charge a _____ price for their wares.

Accepted Answer

A)  market 
B)  natural 
C)  promotional 
D)  just 
A)  market 
B)  natural 
C)  promotional 
D)  just

Question 17

_____ is an economic philosophy of active state intervention to stabilize the economy and stimulate employment.

Accepted Answer

A)  Protectionism 
B)  Keynesianism 
C)  Marxism 
D)  Monetarism 
A)  Protectionism 
B)  Keynesianism 
C)  Marxism 
D)  Monetarism

Question 18

A _____ is a zone of ideas,discourse,and action dominated by progressive values,that transcends national societies and focuses on global issues.

Accepted Answer

A)  civil society 
B)  political society 
C)  government 
D)  state 
A)  civil society 
B)  political society 
C)  government 
D)  state

Question 19

According to Alexander Hamilton:

Accepted Answer

A)  America should aspire to spread farming over its immense,unsettled territory. 
B)  manufacturing as an occupation leads to venality. 
C)  an agrarian economy would bring a state of equality and concern for the common good. 
D)  industrial growth would increase national power. 
A)  America should aspire to spread farming over its immense,unsettled territory. 
B)  manufacturing as an occupation leads to venality. 
C)  an agrarian economy would bring a state of equality and concern for the common good. 
D)  industrial growth would increase national power.

Question 20

The old Progressives seek to avoid being branded as liberals and try to take advantage of favorable connotations in the word "progressive".

Accepted Answer

A) True 
 B)False

The just price:

Milton Friedman,his colleagues,and their free market ideas came to be called the Chicago School.

Which of the following is NOT true about the new communal economy that Francois-Noël Babeuf,the originator of modern socialist doctrine,envisioned?

Adam Smith's vision of _____ capitalism defined the essence of economic liberalism.

During industrialization:

Aristotle defined material possessions and money as:

Summarize the rise of neoliberalism.

The philosophy that social progress comes when individuals freely pursue their self-interests in unregulated markets is known as:

Which of the following is true regarding the progressive movement?

The progressive movement was a turn-of-the-nineteenth-century social movement that associated moderate social reform with progress.

The belief that hard work and adherence to a set of virtues such as thrift,saving,and sobriety would bring wealth and God's approval is known as:

Define utopia.

Discuss Plato's and Aristotle's views on commercial activity.

During the Middle Ages,the Roman Catholic Church:

Which of the following social movements attacked business for contributing to a range of social ills including racism and sexism,consumer fraud,dangerous and alienating work,political corruption,and war profiteering?

The Roman Catholic Church exhorted the merchants to charge a _____ price for their wares.

_____ is an economic philosophy of active state intervention to stabilize the economy and stimulate employment.

A _____ is a zone of ideas,discourse,and action dominated by progressive values,that transcends national societies and focuses on global issues.

According to Alexander Hamilton:

The old Progressives seek to avoid being branded as liberals and try to take advantage of favorable connotations in the word "progressive".

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters

Exam 4: Critics of Business

The just price:

Milton Friedman,his colleagues,and their free market ideas came to be called the Chicago School.

Which of the following is NOT true about the new communal economy that Francois-Noël Babeuf,the originator of modern socialist doctrine,envisioned?

Adam Smith's vision of _____ capitalism defined the essence of economic liberalism.

During industrialization:

Aristotle defined material possessions and money as:

Summarize the rise of neoliberalism.

The philosophy that social progress comes when individuals freely pursue their self-interests in unregulated markets is known as:

Which of the following is true regarding the progressive movement?

The progressive movement was a turn-of-the-nineteenth-century social movement that associated moderate social reform with progress.

The belief that hard work and adherence to a set of virtues such as thrift,saving,and sobriety would bring wealth and God's approval is known as:

Define utopia.

Discuss Plato's and Aristotle's views on commercial activity.

During the Middle Ages,the Roman Catholic Church:

Which of the following social movements attacked business for contributing to a range of social ills including racism and sexism,consumer fraud,dangerous and alienating work,political corruption,and war profiteering?

The Roman Catholic Church exhorted the merchants to charge a _____ price for their wares.

_____ is an economic philosophy of active state intervention to stabilize the economy and stimulate employment.

A _____ is a zone of ideas,discourse,and action dominated by progressive values,that transcends national societies and focuses on global issues.

According to Alexander Hamilton:

The old Progressives seek to avoid being branded as liberals and try to take advantage of favorable connotations in the word "progressive".

The Study of Business, Government, and Society

The Dynamic Environment

Business Power

Corporate Social Responsibility

Implementing Corporate Social Responsibility

Business Ethics

Making Ethical Decisions in Business

Business in Politics

Regulating Business

Multinational Corporations

Globalization, Trade, and Corruption

Industrial Pollution and Environmental Regulation

Managing Environmental Quality

Consumerism

The Changing Workplace

Civil Rights, Women, and Diversity

Corporate Governance

Filters