What is the primary characteristic of a free market system?

• Government intervention in economic decisions

• Economic decisions made by individual households and firms

• Centralized planning of production

• Equal distribution of wealth

According to Aristotle, what is the definition of justice?

• Competition

• Wealth accumulation

• Fairness

• Government regulation

What does John Rawls' Difference Principle advocate?

• Inequalities should benefit the least advantaged

• Punishment should fit the crime

• Equal distribution of all resources

• Complete freedom of market forces

Which of the following is NOT a right of individuals under the free market system?

• Freedom to compete

• To receive a guaranteed income

• To own a business

• To own private property

What is the main focus of distributive justice?

• Maximizing wealth for the rich

• Equal rights for all individuals

• Distribution of benefits and burdens

• Fair punishment for crimes

What does procedural justice emphasize?

• Fair and impartial rules and procedures

• Maximizing profits for businesses

• Equal treatment in specific situations

• Punishing wrongdoers

Which of the following is a form of particular justice according to Aristotle?

• Distributive justice

• Social justice

• Universal justice

• Corrective justice

What is the 'veil of ignorance' in Rawls' theory?

• A method to hide wealth

• A principle for fair decision-making without knowledge of personal circumstances

• A way to enforce laws

• A strategy for competition

What does the Principle of Equal Liberty state?

• Each person has equal rights to basic liberties

• Liberties can be restricted for the greater good

• Everyone should have equal access to wealth

• Inequalities are necessary for progress

What is the main concern of justice in business ethics?

• Competition among businesses

• Government regulation

• Distribution of benefits and burdens

• Maximizing profits