61) Who was the author of the following prediction: in the absence of a system for enforcing order in society, life will be “solitary, poor, nasty, brutish, and short”?
A) Thomas Hobbes
B) John Maynard Keynes
C) Thomas Kuhn
D) Jean-Jacques Rousseau
E) Adam Smith
62) A commercial society, as described by Adam Smith, develops when
A) maximizing income becomes the ultimate objective for most people.
B) more people are employed in service industries than in agriculture and manufacturing.
C) private interest replaces the public interest.
D) the division of labor extends itself throughout the society.
E) traditional values give way to commercial values.
63) Adam Smith used the term commercial society to refer to a society in which
A) business interests control the political system.
B) everyone identifies value with price.
C) everyone lives by exchanging.
D) increased income is everyone’s principal life goal.
E) people behave without regard for the interests of others.
64) The author of An Inquiry Into the Nature and Causes of the Wealth of Nations was
A) Duncan Bradstreet.
B) Dow Jones.
C) John Maynard Keynes.
D) Karl Marx.
E) Adam Smith.
65) According to your textbook, the benefits of civilization are heavily dependent on
A) accurate numerical estimates by government officials of available resources and of basic consumption requirements.
B) agreement among the members of society on the best means for achieving their goals.
C) agreement among the members of society on the goals to be pursued.
D) government planning for long-run economic growth.
E) the ability to induce other people to cooperate.
66) Economic theory looks at social coordination as a process of
A) continuing mutual adjustments to the situations created by the actions of others.
B) continuous adjustment of extremes to conform to the average.
C) passing information up from below and instructions or commands down from above.
D) sacrificing personal interest to the public or general interest.
E) sacrificing the public interest to self-interest.
67) Economic theory suggests
A) social order is maintained only when people act in the public interest.
B) as a rule, people cooperate more effectively when they’re selfish compared to when they’re generous.
C) a great deal of effective cooperation can occur in the presence of minimal generosity and also without a great deal of government guidance and control.
D) none of the above.
68) Your textbook authors use the urban traffic example to show
A) why economics cannot explain non-financial processes.
B) how social cooperation emerges when people act under generally accepted rules.
C) how a smooth flow of traffic can only be achieved by detailed, central planning.
D) how a smooth flow of traffic can only be achieved if people drive in the public interest.
69) The textbook presents the movement of rush-hour traffic as an example of social
70) Urban traffic moves as effectively as it does because
A) all drivers have the same attitudes regarding courtesy, safety, and speed.
B) drivers are usually concentrating intently on their own narrow goals.
C) insurance does not cover all the costs of an accident.
D) drivers take other drivers’ specific goals and interests into account.
GraduateWriterHelp.com is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. GraduateWriterHelp.com gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.
Services Offered by GraduateWriterHelp.com
GraduateWriterHelp.com offers a wealth of different services designed to make research projects easier for graduate school students. These include editing, proofreading, formatting and researching services, all tailored specifically for graduate-level studies such as PhDs or Master’s degrees in any field from business administration to engineering or even psychology – all with the aim of helping busy students find success in their academics without having to sacrifice other important commitments like family time or work hours towards earning a living wage outside of college hours.
The Benefits of Using GraduateWriterHelp.com
Using GraduateWriterHelp.com gives you access to experts from all over the world who are highly qualified and experienced in helping graduate-level students to complete successful projects in various fields quickly and efficiently – something that would otherwise be difficult, if not impossible, given tight deadlines associated with most Ph.D./Master’s degree programs today. Moreover, using this platform makes it easier for students to keep up with multiple research tasks simultaneously since there are so many different experts available on tap at any one time – no longer will you have to put off studying one topic while focusing on another because of lack of resources! Additionally, having access to professional editors, proofreaders, but also formatters means that quality control standards aren’t sacrificed when finishing major pieces – since these individuals understand what makes up good academic writing better than anyone else and can offer guidance on how best one should go about making improvements along those lines. Finally, there is also an added cost-saving benefit associated with utilizing Graduate Writer Help compared to hiring an independent contractor (which could potentially run into thousands depending on length/complexity).
This service allows users only pay for what students need, which tends to be much lower overall because customers pay per hour rather than project basis, thus resulting to greater financial flexibility, especially for those just starting out postgraduate studies looking to conserve some pennies here there whenever possible!
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more