Hayek attempts to point out the flaw in Galbraith's argument by applying it to what? a. War b. Credit card companies c.

The government ? d. The arts

For Nozick, the subject of justice in holdings consists of three major topics. Which of the following is NOT one of those topics outlined in the reading? Choose one answer. a. The appropriation of unheld things b. The transfer of holdings from one person to another c. The entitlement of holdings of just persons d. The rectification of injustice in holdings

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Marks: 1

Galbraith makes advertising analogous to which mythical creatures? Choose one answer. a. Dragons b. Demons c. Fairies d. Sirens

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Marks: 1

Rawls thinks justice should be conceived as:

Choose one answer. a. a virtue. b. a theory with little possibility of application. c. fairness. d. the original position.

The "important fact" that Hayek refers to as one that most people find difficult to admit is that: Choose one answer. a. the poor are just lazy. b. the poor are not really as poor as they appear to be. c. the belief in social justice is there only to make us feel better about ourselves. d. the pursuit of selfishness actually ends up serving society.
Marks: 1

The problem with Wal-Mart in Latin America concerns all of the following EXCEPT: Choose one answer. a. multiple cases of child labor law offenses. b. exploitation of poorer countries. c. expectation of nonrealistic quotas. d. bringing the best Latin American workers back to the United States.

Ciulla states "when it comes to work, __________ has freedom of choice, but not everyone has __________." Choose one answer. a. a white person, good connections b. everyone, the knowledge of the choice

c. everyone, good connections d. everyone, viable options

One of the "direct benefits" claimed to be attributed to advertising is what? Choose one answer. a. Healthier free market b. More competition c. Bettering consumer knowledge concerning products d. Causing manufacturers to be more open about their products

The way wants depend on the process by which they are satisfied is called: Choose one answer. a. the contingency factor. b. the Dependence Effect. c. the social concern thesis. d. the independence mirage.

Smith thinks that the ability to trade is a capacity found in: Choose one answer. a. some apes and all humans. b. some humans and all apes. c. only humans. d. all humans and some species of birds and apes.

Savan thinks that we don't actually buy products, but that we buy: Choose one answer.

a. the company that presents them. b. the country that presents them. c. the world that presents them. d. the image of ourselves that we would have for ourselves

Socrates told Plato that "no greater misfortune could happen to anyone than" what? Choose one answer. a. Being tricked by a bad argument b. Leaving the life unexamined c. Dying without having considered philosophical questions d. Disliking argument

Goldman mentions all of the following conditions of pure competition EXCEPT: Choose one answer. a. competition within industries and among firms. b. fluidity of labor. c. perfect knowledge on the part of consumers. d. government's knowledge of fair competition among firms.

Smith believes that when we address ourselves, we are actually addressing what? Choose one answer. a. Those for whom we truly care b. Our humanity c. Our self-love d. God

Von Hayek agrees that the only innate __________ are food, shelter, and sex. Choose one answer. a. conflicting interests b. wants c. tendencies d. affluences

One of the two propositions offered here as extremely important to the current value system of the majority of economists is which of the following? Choose one answer. a. The notion that the consumer believes himself to be in charge of the purchase b. The notion that advertising can "brainwash" using subliminal messaging c. The proposition that the urgency of wants diminishes as more are satisfied d. The theory of supply and demand

The "inherent tendency" of public services, according to Galbraith, will always be what? Choose one answer. a. To become prioritized well below that of private production b. To emulate private sector techniques and create social wants c. To exploit the Dependence Effect d. To advertise their products using the same outlets that private companies take advantage of

Which of the following is NOT one of the five barriers to persuasion, as outlined in "Woo"? Choose one answer. a. Relationships

b. Credibility c. Tuning to the other person's channel d. Make your pitch

What was the key selling strategy for Kellogg? Choose one answer. a. Do whatever it takes to close the deals. b. Always be selling. c. Offer reasonable alternatives to your clients. d. Never lie to your clients.

According to Galbraith, which notion still survives as the predominate view of modern economics? Choose one answer. a. The notion that the customer is always right b. The notion that if the supply decreases, then the demand will increase proportionally c. The notion that consumers buy in accord with independently determined wants d. The Dependence Effect