BCOR Quiz Questions with All Correct Answers
According to the article entitled "The Myth of the Just Price", which of the following is not one of Thomas Aquinas' principles regarding price: - Answer-price is fixed and constant
In the article entitled "The Myth of the Just Price", which of the ...
According to the article entitled "The Myth of the Just Price", which of the following is
not one of Thomas Aquinas' principles regarding price: - Answer-price is fixed and
constant
In the article entitled "The Myth of the Just Price", which of the following does the author
use for the definition of usury? - Answer-providing a loan with an exorbitant interest rate
In the article entitled "The Myth of the Just Price", which of the following does the author
believe is the only appropriate role of government in order to create just prices? -
Answer-laissez-faire
According to the article entitled "The Myth of the Just Price", which of the following was
an example the author used to demonstrate government intervention? - Answer-the
raising of the minimum wage
the placing of tariffs on the imports of sugar
the passing of price gouging laws
According to the article entitled "The Myth of the Just Price", which of the following
situations are typically considered as instances of dumping? - Answer-The price of a
product one country exports to another country is below the product's cost of
production.
The price of a product one country exports to another country is below the price for that
product in the home country.
According to the article entitled "Creative Destruction," what does the author describe
as one of the major shortcomings of implementing creative destruction in a capitalist
economy? - Answer-some individuals might be worse off
In the article entitled "Creative Destruction," what industry does the author use to
demonstrate creative destruction in a capitalist economy? - Answer-transportation
According to the article entitled "Creative Destruction," which of the following strategies
do producers deploy in order to survive creative destruction in a capitalist economy? -
Answer-make workers more productive
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