The Role of Labor in Wealth Production
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Questions and Answers

According to the text, how can a household participate in the production of wealth to earn a viable income?

  • By both investing in capital instruments and participating in labor power (correct)
  • By owning property
  • By investing in capital instruments
  • By participating in labor power

    • What is earned income according to the text?

  • Income earned through the productive use of one's private property
  • Income earned through labor power
  • Income earned through the productive use of capital instruments
  • All of the above (correct)

    • What does the right to earn a viable income entitle an individual to?

  • The right to participate in the production of wealth
  • The right to own property
  • The right to a decent standard of living (correct)
  • The right to a living wage

    • According to the text, what is the third precept of the general meaning of justice?

    <p>Rendering to each man what is his due by right</p> Signup and view all the answers

    According to the text, what are some of man's economic rights?

    <p>Right to property in his own labor power, right to property as an owner, right to produce or consume wealth</p> Signup and view all the answers

    According to the text, what is the injustice of chattel slavery or forced labor?

    <p>Violation of man's right to property in his own labor power</p> Signup and view all the answers

    According to the text, what is the second basic right that is complementary to man's right to produce wealth through their own labor power?

    <p>The right to subsistence</p> Signup and view all the answers

    According to the text, what is the condition under which a man's life may be preserved but his right to subsistence denied?

    <p>When a man cannot find employment</p> Signup and view all the answers

    According to the text, what does the principle of distributive justice declare?

    <p>The right of every man to a share of wealth</p> Signup and view all the answers

    According to the text, what must be true for a man to exercise his right to earn a living?

    <p>He must have property</p> Signup and view all the answers

    According to the text, what does the principle of participation require in an industrial economy?

    <p>A large number of households to participate in production through the ownership of labor power</p> Signup and view all the answers

    According to the text, what is the relationship between the productivity of labor and the ownership of labor power?

    <p>As labor becomes less productive, the ownership of labor power becomes less adequate to satisfy the principle of participation</p> Signup and view all the answers

    According to the text, what does the right to obtain subsistence by earning it involve in an industrial economy?

    <p>The right to participate effectively in the production of wealth</p> Signup and view all the answers

    According to the text, what does the principle of justice take precedence over in the organization of the economy?

    <p>Charity</p> Signup and view all the answers

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