PHI445 WEEK 2 QUIZ Attempt History Attempt Time Score LATEST Attempt 1 24 minutes 12 out of 12 Score for this quiz: 12 out of 12 Submitted Apr 24 at 12:40am This attempt took 24 minutes. Question 1 1 / 1 pts The philosopher Adam Smith suggested that the direction of international trade should be de...
Attempt Time Score
LATEST Attempt 1 24 minutes 12 out of 12
Score for this quiz: 12 out of 12
Submitted Apr 24 at 12:40am
This attempt took 24 minutes.
Question 1
pts
The philosopher Adam Smith suggested that the direction of international trade should be
determined by
government controls.
m
er as
co
moral forces.
eH w
o.
industry.
Correct! rs e
ou urc
free trade.
o
The answer is found in Section 2.2 Adam Smith’s Capitalism in Introduction to Business Ethics.
aC s
vi y re
Question 2
pts
ed d
Four major breakfast cereal companies share a majority of the cereal market: Kellogg, Post,
General Mills, and Quaker. This is an example of
ar stu
Correct!
an oligopoly.
is
Th
a modified monopoly.
a monopoly.
sh
pure competition.
The answer is in Section 2.5 Anticompetitive Practices in Introduction to Business Ethics.
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