Multiple Choice: one point each (includes the article by Daly) 1. Market justice

Question

Multiple Choice: one point each (includes the article by Daly) 1. Market justice would be associated most closely with which idea: A) welfare benefits; B) invisible hand; C) work ethic; D) worker controlled socialism 2. One of the consequences of the increasing number of service jobs, say the critics is: A) decrease in technological innovation; B) increased cost of doing business; Q increased trade deficit; D) it will lead to worker-controlled capitalism 3. Herman Daly proposes that: A) Globalization is a desirable state of affairs; B) a federation of national communities is outmoded; C) corporate competiveness on a global scale 4. Globalization as described by Daly A) increases the range of jobs available to us; B) in global trade intellectual property is increasingly shared in a beneficial way; C) corporations end up with monopoly ownership of many patents; D) globalization enables corporations to internalize costs 5. The short-term focus of corporations tends to: A) lead to increased capital spending; B) lead to decreased capital spending; reduces the temptation to engage in fraudulent behavior; D) lead to increased accountability 6. The creation of the World Trade Organization tends to: A) affirm national borders; B) serve the interests of member nations; C) erase national borders; D) make the World Bank responsive to the needs of the poor 7. Mercantile capitalism: A) wants to restrict imports; B) wants to increase imports; Q wants to decrease bullion holdings in the interest of increasing capital in the form of currency; D) measures profits in terms of goods and land 8. After the financial crash of 2008, governments tried to stabilize financial markets by: A) increasing interest rates; B) lowering interest rates; C) aiding those who lost their homes; D) leaving interest rates alone 9. Which of the following philosophical positions would Herman Daly most likely agree with: A) utilitarianism; B) egoism; C) Rawlsianism; D) libertarianism 10. Doing a cost-benefit analysis is most like which of the following: A) Kant's hypothetical imperative; B) nonconsequentialst ethics; C) utilitarian thinking; D) a supererogatory action

Explanation / Answer

1. C) work ethics

2. B)

3. A

4. C

5. D

6. A

7. B

8. B

9. A

10. D

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