Adam smiths defense of free markets is primarily focused

Assignment Help Other Subject
Reference no: EM13523075

1. Adam smith’s theories of the free market are intended to primarily benefit:
a. Producers
b. Labor
c. Government
d. Consumers
e. Big business

2. Adam Smith’s defense of free markets is primarily focused on
a. Utilitarian concerns
b. Concern with justice
c. Concern over individual rights

3. For Keynesians, the primary concern of their policies was
a. The dangers of unemployment and political instability
b. The dangers of inflation and monetary policy
c. The danger of controlled government intervention

4. According to the “Loyal Agent’s Argument” modern corporations operate with a spread out, and hierarchical structure of authority. Therefore, a subordinate should not be held personally responsible when acting as the loyal agent of legitimate authority.
a. True
b. False

5. Advocates of the mixed economy want to
a. Modify the market system
b. Jettison the market system

6. According to Adam Smith, (i.e., with regard to government intervention in the market) the best policy of a government that hopes to advance the public welfare is
a. To do nothing
b. To intervene early, before problems get out of hand
c. To improve the position of the most needy members of society

7. Adam Smith’s defense of free markets is primarily focused on
a. Egalitarian
b. Utilitarian
c. Libertarian
d. Latitudinarian

8. Which system of distributive justice says that society should be modeled primarily as a “family”.
a. Libertarianism
b. Utilitarianism
c. Socialism
d. Antidisestablishmentarianism.

Reference no: EM13523075

What is ethical egoism

What is "ethical egoism"? What in your view, is the best argument in favor of ethical egoism, and why? What, in your view, is the best argument against ethical egoism, and why

Kind of life does natural aristocrat have according to burke

What does Burke think about individuals having an equal natural right to participate in the management of the state and what kind of life does the natural aristocrat have, acc

Either supports a ban on logging in british columbia

Now it is clear that one either supports a ban on logging in British Columbia, or else one cannot be considered a supporter of the environment. Many of you here today certai

What are the similarities between emerson and thoreau

How does Descartes' definition of passion reflect his conviction that human beings are mind-body unities? What are the similarities between Emerson and Thoreau? What role does

Exxonmobil-amerada hess-marathon oil in equatorial guinea

People in West African countries, among the poorest in the world, survive on $ 1 a day and have a life expectancy of 46 years. But in 2004, Equatorial Guinea had a GDP ( Gro

Conflict diamonds

During the late 1990s, South African diamond producer De Beers and other companies in the diamond industry discovered that some of the diamonds they were buying or selling c

On the edge-working for eli lilly and company

Before a newly discovered drug is approved for sale, the U. S. Food and Drug Administration ( FDA) requires that it be tested on healthy humans to determine whether it has d

Briefly describe aristotles ethical theory

What is Hobbes account of human nature and the argument of human nature. describe hobbes argument for why we should be moral. briefly describe Aristotle's ethical What argumen

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd