According to Smith, when private individuals are left free to seek their own interests in free markets, they will inevitably be led to further the public welfare by an "invisible hand."
a. True
b. False
A
Philosophy & Belief
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The Fugger dynasty was an example of
a. industrial capitalism. b. mercantile capitalism. c. financial capitalism. d. globalized capitalism.
Philosophy & Belief
According to Diogenes, the source of human unhappiness is:
1. poverty. 2. lack of political and social power. 3. physical ugliness. 4. conventional desires.
Philosophy & Belief
According to utilitarianism, to be due moral consideration a thing must
a. be able to perform utilitarian calculations b. be able to follow the outcomes of utilitarian calculation c. be able to experience pleasure or pain d. b and c
Philosophy & Belief
"Prima facie" duties are those duties that have no real obligation on us
Indicate whether the statement is true or false
Philosophy & Belief