PHI 445 Week 2 Quiz Questions and Answers

PHI 445 Week 2 Quiz Questions and Answers

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Week 2 1. Question : Welfare capitalism and _________ are more modern versions of capitalism and socialism. Student Answer: market socialism free enterprise social capitalism monopolistic marke... ts Instructor Explanation: The answer is found in Section 2.4 Assessment of Capitalism and Socialism in Introduction to Business Ethics. Points Received: 1 of 1 Comments: Question 2. Question : In 2001, the government said it would sue to stop the 4.3 billion dollar merger of American Airlines and U.S. Airways that would create the world’s largest airline. The government was concerned that the merger would create a(an) ____________ . Student Answer: competitive environment monopoly illegal acquisition increase in air routes Instructor Explanation: The answer is in Section 2.5 Anticompetitive Practices in Introduction to Business Ethics. Points Received: 1 of 1 Comments: Question 3. Question : The philosopher Adam Smith suggested that the direction of international trade should be determined by Student Answer: moral forces. industry. government controls. [Show More]