Moral Norms and Economic Conditions Quiz
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Questions and Answers

Why do moral norms depend on current economic conditions?

  • Changes in premodern and modern world (correct)
  • Predetermined and unchangeable social order
  • Ethical concepts being easily transferable in time
  • Moral thought being able to catch up with tech and econ progress
  • How did structures of premodern societies differ from the modern world?

  • Focus on economic growth rather than survival
  • Belief in predetermined social order and limited social mobility (correct)
  • High social mobility and belief in inherent class differences
  • Attitudes in premodern societies were not risk averse
  • Why did people in premodern societies consume in moderation according to the moral norm described?

  • They believed in high social mobility
  • They believed society was a zero-sum game (correct)
  • They were risk-takers and not risk averse
  • They thought by being rich they make others rich
  • What is one of the differences between solidarity and competition in premodern and modern societies?

    <p>Unchangeable social order without external authority in modern societies</p> Signup and view all the answers

    What is the main reason why modern societies are not considered zero sum games?

    <p>Economic growth leads to benefits for all, including the disadvantaged.</p> Signup and view all the answers

    Why is self-control considered a competitive disadvantage in modern competition?

    <p>It leads to unforeseen and unwanted consequences.</p> Signup and view all the answers

    What role does the market play in the context of distributed and local knowledge according to the text?

    <p>Market economy shows knowledge of individuals through price changes.</p> Signup and view all the answers

    How does competition drive innovation according to the text?

    <p>Pressure from competition leads to 'creative destruction' and innovation.</p> Signup and view all the answers

    In Plato's philosophy, what is advocated regarding profit and utility maximization?

    <p>Upper limits on ownership should be enforced to prevent exploitation.</p> Signup and view all the answers

    According to Aristotle's philosophy, what is considered immoral in terms of economics?

    <p>Exploiting others for personal gain is considered immoral.</p> Signup and view all the answers

    Why is self-control considered a competitive disadvantage in modern competition?

    <p>In modern society, relationships and connections are more complex, making self-control less effective.</p> Signup and view all the answers

    Why is competition essential for growth according to the text?

    <p>Competition fosters innovation through the pressure it creates.</p> Signup and view all the answers

    How does the market economy differ from a planned economy in terms of knowledge utilization?

    <p>In a market economy, price changes reveal distributed knowledge, unlike in a planned economy.</p> Signup and view all the answers

    What role does competition play in inducing people to produce what benefits others?

    <p>Competition encourages people to generate solutions that benefit fellow human beings.</p> Signup and view all the answers

    In Plato's philosophy, what role should the state play in enforcing ownership limits?

    <p>Enforce rules to prevent taking advantage of others</p> Signup and view all the answers

    According to Aristotle's Philosophy of Equalising Justice, what should pricing be based on?

    <p>Proportionality of price to work performance</p> Signup and view all the answers

    What is the view on enrichment at the expense of others according to Cicero's philosophy?

    <p>Seen as immoral</p> Signup and view all the answers

    How does Christianity view money lending against interest according to the text?

    <p>Banned in Christian councils</p> Signup and view all the answers

    What is the Islamic view on interest prohibition according to the text?

    <p>Prohibited because it is acquired without achievement</p> Signup and view all the answers

    Why does Plato consider assets through interest as potentially harmful?

    <p>It destroys social order according to laws of the state</p> Signup and view all the answers

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