14 Questions
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
What is earned income according to the text?
All of the above
What does the right to earn a viable income entitle an individual to?
The right to a decent standard of living
According to the text, what is the third precept of the general meaning of justice?
Rendering to each man what is his due by right
According to the text, what are some of man's economic rights?
Right to property in his own labor power, right to property as an owner, right to produce or consume wealth
According to the text, what is the injustice of chattel slavery or forced labor?
Violation of man's right to property in his own labor power
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?
The right to subsistence
According to the text, what is the condition under which a man's life may be preserved but his right to subsistence denied?
When a man cannot find employment
According to the text, what does the principle of distributive justice declare?
The right of every man to a share of wealth
According to the text, what must be true for a man to exercise his right to earn a living?
He must have property
According to the text, what does the principle of participation require in an industrial economy?
A large number of households to participate in production through the ownership of labor power
According to the text, what is the relationship between the productivity of labor and the ownership of labor power?
As labor becomes less productive, the ownership of labor power becomes less adequate to satisfy the principle of participation
According to the text, what does the right to obtain subsistence by earning it involve in an industrial economy?
The right to participate effectively in the production of wealth
According to the text, what does the principle of justice take precedence over in the organization of the economy?
Charity
Quiz: Understanding the Role of Labor in Wealth Production Test your knowledge on the relationship between labor and wealth production with this quiz. Explore when labor's contribution to wealth diminishes relative to increasing capital instruments and the implications it has on full employment and just distribution. Gain insights into the challenges faced by individuals who solely rely on labor power for their livelihoods.
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