Quiz 10 Flashcards
Drawing upon the readings from City Upon a Hill, which of the following situations does NOT represent a market weakness?
A. Candace buys a used car from a dealer who withholds crucial information about the quality of the car. Although the car appears to be in great condition, it turns out to have serious defects.
B. Amy produces gasoline and sells it to Paige. Sara isn’t a part of the exchange but the air pollution that results from the exchange has serious side effects on Sara’s lungs.
C. Krey refuses to contribute to his local public radio station because he knows others will contribute, meaning that he can enjoy the radio programming for free.
D. Lauren works hard as a real estate agent in her hometown, but she becomes unemployed when housing prices fall dramatically.
E. All of the above are examples of market weaknesses.
E. All of the above are examples of market weaknesses.
According to Brennan and Jaworski, which of the following situations would be acceptable to limit free exchange?
A. Bridget is short on tuition money, so she decides to sell her kidney.
B. Jack needs money for groceries, so he decides to sell his vote to the presidential campaign willing to pay the most.
C. Abby owns a local bakery and decides to add high-quality marijuana brownies to her sales inventory.
D. Cole has a very full schedule, so he hires someone to attend American Heritage lectures and take notes for him.
E. All of the above should be acceptable exchanges according to Brennan and Jaworski and should not be limited by the government.
E. All of the above should be acceptable exchanges according to Brennan and Jaworski and should not be limited by the government.
As addressed by Richard Reeves, which of the following best exemplifies the current state of social mobility in the United States?
A. As the United States decreased tax rates beginning in the 1980s, the gap between rich and poor has decreased significantly.
B. Marriage and family structure have little effect on upward mobility in the United States. Individual characteristics such as hard work and the willingness to take risks matter much more than families.
C. In contrast to the American belief that overcoming poverty and achieving success is a frequent occurrence, social mobility rates remain low in the U.S. when compared to other countries.
D. As indicated by the election of an African-American President, social mobility is now the same for whites and blacks in the United States.
E. Reeves expects that if current trends continue, the “Horatio Alger myth” will soon become a reality because most rich people will have earned their money by “pulling themselves up by their bootstraps.”
B. Marriage and family structure have little effect on upward mobility in the United States. Individual characteristics such as hard work and the willingness to take risks matter much more than families.
According to Sperling’s Economic Dignity, ______________ emphasized the promotion of positive dignity, while____________ championed negative dignity.
A. Thomas Jefferson; Alexander Hamilton
B. Franklin D. Roosevelt; Theodore Roosevelt
C. Felix Frankfurter; Theodore Roosevelt
D. Franklin D. Roosevelt; Woodrow Wilson
E. Lyndon B. Johnson; Felix Frankfurter
B. Franklin D. Roosevelt; Theodore Roosevelt
According to Frederick Jackson Turner, all of the following are arguments for the significance of the western frontier, EXCEPT:
A. The western frontier will be the best place for industrialization and manufacturing plants to be located.
B. The difficult environment of the west transforms the “old European” lifestyle into an American lifestyle.
C. As more immigrants came to America and moved west, races and cultures mixed and a new nationality was created.
D. Because the western frontier forced individuals to rely on each member of their community, democracy expanded more rapidly on the frontier.
E. All of the above are arguments for the significance of the frontier according to Frederick Jackson Turner.
A. The western frontier will be the best place for industrialization and manufacturing plants to be located.
