Compare the social ethics theories of distributive justice, libertarianism, and social egalitarianism. How are they alike? How are they different? Explain your answer
Social ethics theories assert that special obligations arise from the social nature of human beings. John Rawls is a leading proponent of distributive justice. His theory seeks to analyze the type of society that people in a "natural state" would establish if they could not determine in advance whether they would be talented, rich, healthy or ambitious relative to other members of society. Rawls stresses "equality of opportunity." His theory is premised on justice and the belief that everyone is entitled to a fair share in society, which all must work to guarantee. Libertarians stress market outcomes as the basis for distributing society's rewards. Adherents such as Robert Nozick stress liberty rather than justice as the most important obligation that society owes its members. It is not unjust to a libertarian that some people become wealthy while others have little or nothing. They oppose interference by society in their lives. To a libertarian, it is unjust for society to take the wealth of one citizen in order to distribute it to others who did not earn it. In contrast, social egalitarians believe society should provide all persons with equal amounts of goods and services regardless of the contribution each makes to increase society's wealth.
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Over time, a depreciation in the value of a nation's currency in the foreign exchange market will result in
a. exports rising and imports falling. b. imports rising and exports falling. c. both imports and exports rising. d. both imports and exports falling.
The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called
a. unlimited liability b. ease of formation c. mutual agency d. dissolution
The Readylite Company produces a flashlight in which product managers are trying to decide how long a warranty to issue. If the managers believe the life of the flashlight follows a normal distribution with a mean of two years and a standard deviation of six months:
a. What percentage of flashlights sold can they anticipate will be returned within the first two years? b. What percentage of flashlights sold can they anticipate will be returned within the first three years? c. What percentage of flashlights sold can they anticipate will be returned within the first two and one-half years?
A firm which has a high level of commitment from both a market and competence orientation is described as having a(n) ________________ configuration.
a. Constricted philanthropy b. Peripheral philanthropy c. Dispersed philanthropy d. Strategic philanthropy