Cahpter 14-- A Cheerful View of Our Economic Future

Question 1

the biggest threats to our financial welfare are

Answer 1

encroaching governments and lack of morality

Question 2

Prophet of Doom

Answer 2

Thomas Robert Malthus

Question 3

the _________________ of even the largest industrial and commercial firms are limited

Answer 3

resources

Question 4

depends upon moral convictions and behavior

Answer 4

material prosperity

Question 5

any economy that functions well relies upon a high degree of

Answer 5

honesty

Question 6

another moral quality or habit important for an economy’s success is

the trait of doing quality work in an efficient manner

Answer 6

industriousness

Question 7

five main qualities needed for an economy’s success

Answer 7

1. honesty (need to be able to trust)
2. industriousness (quality work efficiently)
3. fortitude (courage to take risks and be strong in tough)
4. generosity (support competition and businesses)
5. charity (belief in working faithfully and well)