1. Which of the following comes closest to what Adam Smith had in mind by the \"
ID: 1135160 • Letter: 1
Question
1. Which of the following comes closest to what Adam Smith had in mind by the "impartial spectator."
a. society – including institutions such as churches, schools, the legal system, etc.
b. the marketplace
c. a person we create in our imagination who judges our behavior
d. person who is so distant from us that we have no sympathy for them or emotional involvement
2. "Das Adam Smith Problem," as historians of economic thought know it, is the contradiction (that some historians thought they saw) between _______ and ________.
a. Adam Smith, David Ricardo
b. The Theory of Moral Sentiments, the Wealth of Nations
c. Smith's theory that Laissez Faire is the best economic policy, even though Smith seems to have been a nice man
d. Smith's theory that Laissez Faire is the best economic policy, Smith's support for usury laws and other constraints on free trade
3. According to Adam Smith in the Theory of Moral Sentiments, we feel more sympathy for _____. (Reading Question)
a. the beggar than for the rich man who has lost his wealth
b. the rich man who lost his wealth, provided his wealth had been lost through bad luck and not through dishonesty, than for the beggar
c. the rich man who lost his wealth, whether or not his wealth had been lost through bad luck or dishonesty, than for the beggar
d. either the beggar or the rich man who has lost his wealth, depending on whether we are a beggar or a rich man
4. Adam Smith believed that the amount of sympathy you will feel toward another person who is in trouble will be negatively correlated with _____.
a. the extent to which other people are showing sympathy toward the individual
b. your own position in the social hierarchy of society
c. the extent to which the individual has previously made an effort to “pull themselves up by their own bootstraps.”
d. the “social distance” between you and the other person
Explanation / Answer
1) The correct answer is option (D)
The impartial spectator is the person within who has the ability to stand outside oneself and sees one's actions-the person within-not conscience but simply an observer.It is the part of yourself who is able to detach and observe what the rest of you is doing.It does not judge your actions but simply observes.
2) The correct answer is option (B)
The theory of moral sentiments and The wealth of nations are two of the major works of Adam Smith and Das Adam smith problem refers to the contention that there is a fundamental inconsistency between these two works.It gives the idea that human behaviour is governed by two different contradictory principles.
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