Ethics in Economics

Ethics in Economics

10th Grade

10 Qs

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Ethics in Economics

Ethics in Economics

Assessment

Quiz

Social Studies

10th Grade

Practice Problem

Easy

Created by

Ryan Farrar

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What, according to the passage, is the basis for ethics in economics?

Personal choice

Profit and efficiency

Sympathy for others

Corporate social responsibility

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is one of Adam Smith's key insights in The Wealth of Nations?

Acting on empathy is counter-productive

Selfish behavior leads to better outcomes

Cost-benefit analysis justifies ethical decisions

Empathy should only be directed towards others

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What, according to Aristotle, is ethics about?

Having the right character

Achieving the best outcomes

Following a list of commandments

Balancing extremes

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is the main approach to defining ethics in economics based on?

Character

Consequences

Actions

Psychology

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What does the author suggest is a common ground between different approaches to ethics?

Agreement on where ethics applies

The need for character development

The importance of consequences

The flaws of the free market

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What does the author propose as a potential source for defining ethics in economics?

Behavioral economists

Neuroscientists

Business leaders

Economists themselves

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What do human quirks make difficult according to the passage?

Predicting ethical decisions

Reacting to economic injustice

Accepting moral laws

Processing relevant facts

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