Busi 100 Midterm Exam.
Class 1 PollEv:
Mark Twain has the famous quote of: "a 'classic' is a boo that people praise and don't read." Would Henry David Thoreau agree with this statement?
Yes
No
It isn't clear from Thoreau's writings as he discusses contemporary writings only - CORRECT ANSW...
Mark Twain has the famous quote of: "a 'classic' is a boo that people praise and don't read." Would
Henry David Thoreau agree with this statement?
Yes
No
It isn't clear from Thoreau's writings as he discusses contemporary writings only - CORRECT ANSWER Yes
Class 1 PollEv:
Which of the following phrases is from Thoreau?
"The more that you read, the more things you will know. The more that you learn, the more places you'll
go"
"The works of the great poets have never yet been read by mankind, for only great poets can read
them."
"Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read."
"My alma mater was books, a good library... I could spend the rest of my life reading, just satisfying my
curiosity." - CORRECT ANSWER "The works of the great poets have never yet been read by mankind, for
only great poets can read them."
Reading from Walden: - CORRECT ANSWER Education is not simply doing the thins we like, studying the
things that appeal to us, or wandering around the world of thought. But, rather, education is the
unpleasant task, the hard lesson, and the bitter experience that often lead to knowledge and power and
good - WEB Du Bois
,Class 2 PollEv: In Plato's The Republic, who or what is the "true creator" of a State?
Creativity
Geography
Mojang
Natural Resources
Necessity
Political Leader
None of the Above - CORRECT ANSWER Necessity
Class 2 PollEv: In Plato's the Republic, individuals exchange with one another, and one gives, and
another receives, with the intention that the exchange
will _______•
benefit the State
be nullified
enrich one, but not the other
be a "zero-sum" transaction
none of the above - CORRECT ANSWER None of the above
(the exchange should be mutually beneficial)
Class 2 PollEv: What was Thoreau referencing when he said that it leads to a "dulness of sight, a
stagnation of the vital circulations, and a general deliquium and sloughing off of all the intellectual
faculties."
Growing Beans
, Public Speaking
Reading
Writing
Watching TV
None of the above - CORRECT ANSWER Reading
(easy reading)
Class 2 PollEv: An example of Adam Smith's "invisible hand" is a statesman, council, or senate who
directs private citizens in what manner they ought to employ their capital.
True
False - CORRECT ANSWER False
Class 2 PollEv: In Smith's Wealth of Nations, he makes the argument that given equal profits between
domestic and foreign trade, a merchant is likely to put his greatest support into developing the foreign
market.
True
Flase - CORRECT ANSWER False
Foundations of Trade: Mutually Beneficial - CORRECT ANSWER Smith: The natural advantages which one
country has over another, in producing particular commodities, are sometimes so great, that it is
acknowledged by all the world to be in vain to struggle with them...As long as the one country has those
advantages, and the other wants them, it will always be more advantageous for the latter rather to buy
of the former than to make. It is an acquired advantage only, which one artificer has over his neighbour,
who exercises another trade; and yet they both find it more advantageous to buy of one another, than
to make what does not belong to their particular trades.
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