Concepts

Question 1

Negative Utalitarianism

Answer 1

the view that people should minimize the total amount of aggregate suffering

Question 2

Utalitarianism

Answer 2

the doctrine that actions are right if they are useful or for the benefit of a majority.

Question 3

Atrophy

Answer 3

(of body tissue or an organ) waste away, especially as a result of the degeneration of cells, or become vestigial during evolution.
“without exercise, the muscles will atrophy”

Question 4

Metallurgy

Answer 4

the branch of science and technology concerned with the properties of metals and their production and purification.

Question 5

Ressentiment

Answer 5

French philosophy, particularly associated with the works of Friedrich Nietzsche, which refers to a complex emotional and psychological state characterized by a deep-seated resentment and hostility resulting from feelings of being wronged, oppressed, or disadvantaged.

Question 6

Paganism

Answer 6

a religion other than one of the main world religions, specifically a non-Christian or pre-Christian religion.
“converts from paganism to Christianity”

a modern religious movement incorporating beliefs or practices from outside the main world religions, especially nature worship.
“modern paganism includes a respect for mother earth”

Question 7

Goose-stepping

Answer 7

marching in parade formation, typically of troops.

Question 8

Imperialism

Answer 8

a policy of extending a country’s power and influence through diplomacy or military force.

Question 9

Arbitrage

Answer 9

(in finance and economics) the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.

Question 10

Labor Arbitrage

Answer 10

the practice of taking advantage of differences in the cost of labor between different geographic locations or labor markets. In the context of business and outsourcing, it often involves relocating or outsourcing certain business processes or tasks to locations where the cost of labor is lower, with the goal of reducing overall operating costs.

Question 11

Technocracy

Answer 11

the government or control of society or industry by an elite of technical experts.
“failure in the war on poverty discredited technocracy”

Question 12

Neo-Brandeisian (Antitrust)

Answer 12

The Neo-Brandeisian view shares concerns about the concentration of economic power and its potential negative effects on competition, innovation, consumer welfare, and broader societal interests. It emphasizes the need for more vigorous antitrust enforcement, particularly against dominant firms, to ensure competitive markets and prevent the accumulation of excessive market power that could stifle competition, harm consumers, limit choices, and hinder innovation.