Quiz Content

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. How many uses does a "thing" have, according to Aristotle?

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. The use of what artifact was the tool by which men first began "crafting" wealth?

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. Philosophy is the trade of what, according to Smith?

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. Smith thought that the division of labor, which is essential to industrial capitalism, would cause workers to do what?

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. Heilbroner believes that in relation to capitalism, socialism was:

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. Heilbroner compares capitalism to an imperial or communist regime in what way?

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. Mill does NOT believe that the consumer is what?

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. The problem Keynes calls "the economic problem" is what?

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. Schumacher points out that spiritual health and material well-being are what?

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. According to Amartya Sen, what can cause famines?

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. What is the "Puritan ethic," according to Bell?

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. What is Frank's conclusion about the mistakes leading to the economic disasters?

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. What is Kuttner's opinion of a purely unregulated market?

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. According to Sheelah Kolhatkar, in 2006 the 25th-highest earning hedge fund manager made __________.

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. Smith thought that the division of labor was a hindrance to capitalism.

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. Smith was optimistic about the future of capitalism, according to Heilbroner.

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. Marx thought that a commodity's usefulness was essentially bound to the commodity.

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. Heilbroner believes that for capitalism to work, everyone must uncritically accept the ideal of economic growth.

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. Keynes refers to "technological unemployment" as a problem that occurs when one's technical skills become out of date and don't get updated with training.

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. Sen believes that economics must take note of the fact that many around the world still live in poverty.

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. From a Buddhist perspective, production that uses national resources to fill local needs is the most rational way to live economically.

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. According to Bell, capitalism encourages a demand for pleasure and the consumption of consumer goods.

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. When the Securities Exchange Commission calculates total illegal profits made in illicit trading activities, it includes illegally avoided losses in that total.

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. In order to secure a conviction on insider trading charges, the prosecution must prove that the defendant knew the information was insider information and that the person from a company who provided it was getting a benefit for it.

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