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50 Cards in this Set
- Front
- Back
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Adam smith is most associated with... |
capitalism |
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The law of division of labor |
is associated with increase productivity |
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According to smith, a market where the supply of a good or service is greater than demand: |
normally will only persist for a short time because supply will increase to meet demand |
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Smith's take on education |
he felt everyone should be educated |
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What size company does Smith prefer |
Large |
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What is an important value for the division of labor? |
Reduces start-up time for conducting various stages of labor necessary for completion of a final product |
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Did Smith believe in an "inherit value" of a commodity independent of the amount of labor required to produce the commodity? |
no |
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What does Smith emphasize more than Locke? |
Money |
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Does Smith believe that owners are so rich and powerful they can force ordinary workers to at any wage they want, even if the wage is less than necessary for the worker to survive? |
No |
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How much government regulation does Smith want? |
Low |
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The subject area that interest Karl Marx most is? |
economic relations |
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Does Marx believes that capitalism is an inefficient system of economic production? |
No, he believes it is |
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According to Marx, when a laborer becomes alienated from his labor, his labor becomes... |
a commodity |
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According to Marx, capitalism leads to _____ division of labor |
More |
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Marx believed that the interests of the working and capital class were... |
Antagonists |
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According to Marx, does the greater division of labor lead to more skilled workers? |
No |
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under capitalism, Level of wages, according to Marx, tend to... |
Lean towards levels of subsistence |
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The capitalist system, according to Marx leads to ________ competition between workers |
More |
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As capitalism develops, it _________ opportunities for small industries to grow and prosper. |
decreases |
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According to Marx, profits and wages are... |
in inverse proportion to the other |
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According to marx and Engels, is class struggle a new concept unique to developed capitalism? |
no |
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According to Marx and Engels, are the bourgeoisie historically reactionary and not themselves revolutionary in any sense? |
No |
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What was emphasized more in the Communist manifesto than the other readings by Marx? |
Global reach of capitalism |
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According to Marx and Engels, crowding workers close together in factories tends to _______ the power of the working class. |
Increase |
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What applies to Marx and Engels? |
Internationalists |
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According to Marx and Engels, abolition tends to lead to... |
Eliminate its class character |
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Do Marx and Engels like petty bourgeoisie socialism? |
No |
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At what stage do Marx and Engels seem to argue would be the best point for the proletariat to rise up and revolt? |
After the emergence of the bourgeoisie and capitalism |
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Did Marx and endless felt that the workers alone would be able to rise up against the capitalists? |
no |
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Did Marx and Engels envision that immediately after a successful revolt from the proletariats, society would be transformed into a classless form of communism that did not require a government
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no |
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in the original position, according to rawls people _____ take into consideration the interest of others in society |
Do not |
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The "veil of ignorance" of rawls, occurs _______ the Original position |
During (within) |
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What is an indispensable component of Rawls' concept of justice? |
Fairness |
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In the original position, what motivates people to adopt rules that are just? |
Desire to avoid being destitute |
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In the original position, each person... |
Does not know his position in society or anyone else's |
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The best way to think of the original position is as a... |
Hypothetical situation that helps us conceive an idea of justice |
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Does the society Rawls envisioned have more equality of incomes than an utilitarianism? |
Yes |
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Can the basic rights that are apart of the "first principle", according to Rawls, be compromised whenever necessary to obtain greater social and economic advantage for society? |
No |
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The difference principle has to do with... |
Redress of inequalities |
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Does Rawls believe that society is best governed where natural talent of all kinds is rewarded to the maximum possible? |
No |
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What words are most associated with Nozick's conception of justice? |
holdings and acquisition |
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Nozick's conception of justice is most closely related to who? |
Hayek |
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How involved does Nozick feel the government should be? |
limited involvement |
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Does Nozick believe that a distribution is just if it arises from another legitimate means? |
yes |
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Nozick's conception of distributive justice is closest to the following. To each according to__________ |
the extent that he/she is chosen |
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Does Nozick favor capitalism? |
yes |
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According to Nozick's idea of disruptive justice, can the "from" in distribution can be conceived separately from the "to"? |
No |
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Does Nozick believe that Wilt was paid too much? |
no |
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Does Nozick believe in minimal regulation of acquisition of wealth but high level of regulation of wealth transfer? |
no |
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What viewpoint best represents Nozick? |
Libertarian |
