Untitled Quiz

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Questions and Answers

What is one of the salient features of globalization?

Restriction of labor mobility

Liberalization of the import-export system (correct)

Higher tariffs on international trade

Increased government ownership of production

Which characteristic is NOT associated with globalization?

Technological integration

Technological regression (correct)

Cross-border trade

Cultural exchange

Which of the following accurately describes the Millenials?

Born between the early 1950s and late 1960s

Optimistic and tech-savvy, born between the early 1980s and 1990s (correct)

Primarily focused on traditional values

Less inclined to engage with social media

What is a key reason for the increased interconnectedness in globalization?

Improvements in transportation Signup and view all the answers

What do Fillenials notably advocate for?

Mental health awareness Signup and view all the answers

What is racial egalitarianism primarily concerned with?

The elimination of racial segregation in society. Signup and view all the answers

Which of the following best describes opportunity egalitarianism?

It seeks to achieve equality through resource redistribution at adulthood. Signup and view all the answers

Which principle is NOT part of a sound tax system?

Government intervention Signup and view all the answers

What does the term 'distributive justice' refer to?

The distribution of benefits and burdens in society. Signup and view all the answers

What is a defining characteristic of capitalism?

A two-class system consisting of capitalists and workers Signup and view all the answers

What motivates companies within a capitalist system?

Profit motive Signup and view all the answers

Which type of justice is concerned with the fairness of the punishments given?

Retributive Justice Signup and view all the answers

Which of the following is a principle that supports globalization?

Integration among nations through trade and investment Signup and view all the answers

What is the main concern of procedural fairness?

The process by which decisions are made. Signup and view all the answers

Which type of egalitarianism pertains to equal treatment under the law?

Legal Egalitarianism Signup and view all the answers

Christian egalitarianism emphasizes which of the following?

Gender equality in church leadership Signup and view all the answers

Which aspect is directly tied to minimal government intervention in capitalism?

Freedom for markets to operate without restrictions Signup and view all the answers

What does moral egalitarianism emphasize?

Equal respect for all individuals. Signup and view all the answers

Which of the following best defines compensatory justice?

Fair compensation for injuries caused by others. Signup and view all the answers

What does political egalitarianism strive for?

Equal influence and power in political matters. Signup and view all the answers

Luck egalitarianism primarily addresses which aspect of justice?

The allocation of resources and goods based on circumstances. Signup and view all the answers

Study Notes

Justice and Fairness

Justice involves giving each person what they deserve.
Fairness considers actions, processes, and consequences that are morally right, honorable, and equitable.
There's substantive fairness (fair decision) and procedural fairness (fair decision-making process).
Distributive justice deals with fair distribution of benefits and burdens in society.
Retributive justice focuses on just punishments.
Compensatory justice involves fair compensation for injuries.

Political Doctrines

Egalitarianism: belief that people should be treated equally
Economic egalitarianism: equal access to economic resources (wealth, etc.).
Moral egalitarianism: equal respect for all individuals.
Legal egalitarianism: everyone subject to same laws.
Political egalitarianism: equal political power among members.
Luck egalitarianism: focuses on outcomes resulting from chance.
Gender egalitarianism: equal power between men and women.
Racial egalitarianism: absence of racial segregation.
Opportunity egalitarianism: equality of opportunity via resource redistribution.
Christian egalitarianism: all people are equal before God and in Christ (gender equality in leadership and marriage).
Socialism: public ownership of the means of production.
Capitalism: private ownership of factors of production.
Two-class system in capitalism (owners and workers).
Profit motive in capitalism.
Minimal government intervention in capitalism.
Competition crucial for capitalism.
Willingness to change/adapt key to success.

Taxation

Fiscal adequacy: sufficient funds for public spending.
Equality/theoretical justice: tax burdens proportional to ability to pay.
Administrative feasibility: convenient, equitable administration of taxes.

Globalization

Globalization: interaction and integration among people, companies, and governments across nations.
Driven by international trade, investment, and information technology.
Increased interconnectedness through trade, technology, and culture.
Technology and communication significantly benefit globalization.
Reasons for globalization: improvements in transportation, freedom of trade, communication, and labor availability.

Globalization Features

Liberalization: freedom for entrepreneurs to start businesses.
Free trade: unrestricted flow of goods between nations.
Globalization of economic activity: influenced by both domestic and international markets.
Liberalization of import-export system: free flow of goods and services.
Privatization: reducing state ownership of production/distribution.
Increased collaboration among entrepreneurs for modernization.
Economic reforms to strengthen free trade and market forces.