the understanding that economics is not an exact science and explanations must

The understanding that economics is not an exact

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the understanding that economics is not an exact science and explanations must finally allow for the effects of the ‘hand of God.’ market competition. Correct! Correct! 3 / 3 pts Question 8 It is thought that free competitive markets are socially useful because they serve buyers’ needs, lead to an efficient use of the costs of production, and establish fair prices. False
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6/20/2018 Quiz 9--Capitalism: SU18: PHIL-186 Sec 81 - Prof and Bus Ethics 4/4 True Correct! Correct! 3 / 3 pts Question 9 An example of a public good is: an airline company. a life insurance policy. a lighthouse. Correct! Correct! oil. 3 / 3 pts Question 10 An example of a negative externality is immigration. the likelihood that the average income of minority groups will be less than the income levels of an ethnic group in the majority. a chemical plant’s pollution of a nearby river. Correct! the invasion of a foreign country. Quiz Score: 30 out of 30
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  • Spring '11
  • LBernasconi
  • Ethics, Meter, Quiz Score, BUS ETHICS

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