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Questions and Answers
What are the two alternatives to achieve a higher standard of living?
What are the two alternatives to achieve a higher standard of living?
- Abolishing private property entirely
- Preserving political liberty
- Invading the rights of private property in capital
- Resorting to principles of charity and welfare (correct)
Which alternative is considered morally and humanly better?
Which alternative is considered morally and humanly better?
- Preserving political liberty
- Abolishing private property entirely
- Invading the rights of private property in capital
- Resorting to principles of charity and welfare (correct)
What does a just organization of the economy preserve?
What does a just organization of the economy preserve?
- Political liberty
- Individual freedom
- Economic welfare
- All of the above (correct)
What problem does an industrial economy face in relation to consumption?
What problem does an industrial economy face in relation to consumption?
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What did Karl Marx predict would happen to capitalism?
What did Karl Marx predict would happen to capitalism?
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What is necessary to solve the problem of overproduction and underconsumption in an industrial economy?
What is necessary to solve the problem of overproduction and underconsumption in an industrial economy?
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