Adam Smith’s Views on Capitalistic System and Cost Benefit Analysis Underlying Ethical Theory
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Question
1. The ethical theory that underlies cost-benefit analysis is:
A. deontology.
B. utilitarianism.
C. libertarianism.
D. ethical relativism.
2. Adam Smith, in The Wealth of Nations, said the capitalistic system was composed of six institutions, which include all but which of the following?
A. Economic motivation.
B. Limited government.
C. Free enterprise.
D. Labor.
Summary
These multiple choice questions belong to Law. The first question is about ethical theory underlying cost-benefit analysis and the second question is about the Adam Smith’s views on capitalistic system.
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