Part 1 of 1 –
Question 1 of 20
Linux, Firefox, and OpenOffice are examples of:
A. pay-to-play software.
B. government software.
D. open-source software.
Question 2 of 20
What is the most important concept in international trade theory?
A. free trade
B. absolute advantage
C. comparative advantage
D. means of production
Question 3 of 20
China and Singapore are examples of what type of economies?
A. ones that favor free markets and globalization
B. ones that favor individual property rights
C. ones that favor government intervention
D. ones that favor competition
Question 4 of 20
What is the definition of the economic system based primarily on government authorities making decisions?
A. command economy
B. market economy
C. mixed economy
D. capitalist economy
Question 5 of 20
Many economists now advocate retaining the market system and private property while modifying their workings through government regulation. This is known as a(n) __________ economy.
A. pure capitalist
D. free market
Question 6 of 20
The simultaneous occurrence of inflation and unemployment is called:
Question 7 of 20
According to Locke, the power of government should be:
A. Expanded to meet the needs of all citizens.
B. Expanded to meet the needs of corporations.
C. Limited, extending only far enough to protect basic rights of all citizens.
D. Limited, extending only far enough to protect the basic rights of corporations.
Question 8 of 20
What did Marx’s “alienation” theory say about the nature of a human being?
A. It is our nature to be self-determined and be able to satisfy our true needs.
B. It is our nature to be greedy and always want more.
C. It is our nature to want to do gooD.
D. It is our nature to avoid conflict, and therefore workers do not rise against their oppressors.
Question 9 of 20
Compassion, concern, love, friendship, and kindness are all sentiments or virtues that normally manifest this dimension of morality.
A. ethics of care
B. virtue ethics
C. the categorical imperative
D. duty ethics
Question 10 of 20
Countries such as Sweden, Norway, France, Ireland, and Switzerland use which type of economy?
A. free market economy with no government regulation
B. completely government-regulated economy
C. free market economy with some government regulation
D. mixed economy with lots of government regulation
Question 11 of 20
A __________ ethic is an ethic that sees concrete communities and communal relationships as having a fundamental value that should be preserved and maintaineD.
Question 12 of 20
In the “Great Recession” of 2008-2009, the governments around the world returned to __________ policies with a vengeance.
A. free market
Question 13 of 20
__________ indicate the kind of care that is owed to those with whom we have special concrete relationships.
A. Utilitarian standards
B. Standards that specify how individuals must be treated
C. Standards of justice
D. Standards of caring
Question 14 of 20
What effects of capitalism did Karl Marx observe and detail?
A. the rise of large corporations
B. pollution of the environment
C. unethical behavior of business owners
D. worker exploitation and inequality
Question 15 of 20
The area of __________ has created a debate between the Lockean property rights and socialist notions of collective ownership.
C. free markets
D. intellectual property
Question 16 of 20
Social Darwinists had a different take on the utilitarian justification for free markets. What did they argue?
A. They argued that only by aiding weaker businesses can they grow strong.
B. They argued that economic competition would not produce human progress.
C. They argued that economic competition was inherently flaweD.
D. They argued that the best businesses are those that can survive fierce economic competition.
Question 17 of 20
What is the definition of the economic system based primarily on individuals making decisions?
A. command economy
B. market economy
C. mixed economy
D. capitalist economy
Question 18 of 20
What is the term for nonphysical property such as knowledge or information?
A. intellectual property
B. virtual property
C. information property
D. Internet property
Question 19 of 20
Adam Smith’s major work, the Wealth of Nations, in fact, was primarily aimed at showing the benefits of:
A. a free market
B. free trade
D. absolute advantage
Question 20 of 20
Modifying Locke’s views on free markets, Adam Smith’s arguments rest on __________ arguments that unregulated markets and private property will produce greater benefits than any other system.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.