EAS100Y1 Lecture 2: Lecture 2 notes.doc

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whiteskunk688

22 Apr 2012

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What is, according to you, out-of-date in confucius". Who started to call his school: he lived from 551-479 bc, lunyu, the analects was attributed to him compiled conversations of confucius with his disciples and visitors. Explain the internal reason confucius gave for filial piety. a. Internal filial piety: a virtue of being good to one"s parents or those who have raised one up, so as to maintain a loving and respectful relation. Reciprocity of love: slide 10: if you feel at ease, then do it you can sill enjoy life even when your parents passed away, but in general we. Bcz at 3 years old is when kids start to leave their parent"s : explain confucian external(social) function of filial piety and respect for elders, social function of the root of humaneness b. It is rare to find someone that is filial and is inclined to offend their superiors.

Related Questions

1. True or false? Actions that allow oligopoly firms to coordinate their pricing behavior are called facilitating practices.

2. In the long run, if a perfectly competitive firm is incurring an economic loss, the firm

A. Will leave the industry

B. Is earning greater than normal profit but not an economic profit

C. Will minimize opportunity costs by staying in business

D. Will produce as long as total revenue exceeds the total fixed cost

E. Will have some long-run fixed costs

3. Which of the following is NOT one of the problems associated with common ownership of resources and a job that needed to be done?

A. Zimbody paid big body to do the antibody's job

B. Anybody could have done it, but nobody did it

C. Everybody was sure somebody would do it

D. Everybody blamed somebody

E. Nobody realized that everybody wouldn't do it

4. A negative externality related to a product

A. Results in an overallocation of resources to that product

B. Can be corrected by government subsidies

C. Is an example of government failure

D. Results in under allocation of resources to that product

E. Can be corrected by lowering the cost of production

5. A primary cause of inefficiency in government is that

A. Antitrust is applied to government policies as well as market situations

B. Government employees tend to be lazier than private-sector employees

C. The gains from government projects are often concentrated, while the costs are dispersed among all taxpayers

D. Markets interfere with governments

E. All of these are true

6. According to the survey reported in the text, most people believe that health-related goods and services should be allocated by the ___ allocation mechanism.

A. First come, first served

7. It is ___ that transfer(s) consumer surplus to producers and creates (s) deadweight losses.

A. The commodity market

B. Restrictions to entry

C. The allocation mechanism

D. Government

E. Perfect competition

8. The practice of legislators supporting one another's projects in order to ensure support for their own is called

9. When shopping in some countries, bargaining is standard. The sellers ask for a high price to start and then decrease the price until the sale is made. This is due to

A. Producers trying to gain as much consumer surplus as they can

B. Prices changing so quickly that it doesn't make sense to make price tags

C. No government control

D. The market unable to reach equilibrium

E. Consumers trying to gain as much consumer surplus as they can

10. All of the following are examples of a first-come, first-served system of allocation EXCEPT

A. Classes at school

B. Tickets to concerts

C. Medical care

D. Access to highways

E. All of these are examples allocated by a first-come, first-served system

periwinklelion416

Assignment Instructions: The founder of On-Time Technology Products is being pressured by their biggest investor to use cheaper parts that will not last more than one year. Based on your reading of ethics in this PowerPointÂ©presentation, apply ethical reasoning to respond to this big investor regarding your companyâs ethical position on using these cheaper parts.

Checklist:

â¢Review the PowerPoint presentation on consequential, non-consequential, and virtue ethics. below copied in word

â¢Then using an ethical perspective from the above presentation, and apply it to respond to the big investor.

â¢Discuss how your ethical response also complies with providing exceptional customer service. Scenario Background:

On-Time Technology Products (OTTP) sells products relating to time. Their product line consists of a huge assortment of clocks, watches, daytime planner books, and software. Many of their products are unique and innovative. They have been frequently compared to other high-end retailers.. Their products are sold in retail stores, via the Internet, and via catalogs. Their call center is presently in Dayton, Ohio. Mark MacGibson is the new President for On-Time Technology Products. Mr. MacGibson is a graduate from Kaplan Universityâs MBA program. Mary Graff has a Bachelorâs degree in Business from Kaplan University and is the supervisor for the Customer Service Representatives. Mr. MacGibson and Ms. Graffâs plans are to take On-Time Technology Products to a new level of exceptional customer service.

PowelPoint below in word..

An Overview of Consequential, Nonconsequential and Virtue Ethics Theories

What is Ethics?

Ethics is the study of those values that relate to our moral conduct, including questions of good and evil, right and wrong, and moral responsibility.

Consequentialist Theories:

Consequentialist theories claim that the morality of an action depends only on its consequences.

It only considers the result of actions and not principles or rules in determining morality.

Types of Consequentialist Theories:

Ethical Egoism argues that each person should act in their own self interests.

Act Utilitarianism argues that each person should act in a way that produces the greatest happiness for everyone.

Rule Utilitarianism argues that each person should follow rules that tend to produce the greatest happiness for everyone.

Weaknesses of Consequentialist Theories:

Requires person to predict the future and all possible outcomes.

Can easily be used to justify questionable actions (the end justifies the means).

Nonconsequentialist Theories:

Nonconsequentialist theories claim that the morality of an action depends on principles or other factors that are not related to consequences.

Types of Nonconsequentialist Theories:

Divine command theory argues that we should obey the laws of God.

Kantâs Categorical Imperative states that we should always act in a way that is based on reason, duty, and would be considered ethical if everyone acted in the exact same way. Also, people should be treated as an ends and not as a means.

Weaknesses of Nonconsequentialist Theories:

Divine Command requires a high degree of interpretation skills.

Variety of religions makes standards hard to develop for all.

Can be rigid and ignore outcomes

Virtue Ethics:

Virtue ethics seeks to identify character traits of a moral person and develop those with the idea that the virtuous person will act in a virtuous manner. It does not look to principles or consequences.

Virtue ethics was developed among the ancient Greek philosophers such as Aristotle and Confucius.

Virtue ethics enjoys modern support as an approach that avoids many of the problems with Consequential and Nonconsequential ethical theories.

Weaknesses of Virtue Theory:

Difficulty in determining just which characteristics are virtues

Justification for respecting a virtue usually brings one back to either consequences or principles.

Difficulty in applying to specific situations.

Conclusion:

One theory is not enough to cover all possible choices.

Theories can be synthesized to fit oneâs philosophy of life.

One theoryâs weakness is anotherâs strength.

ivorytermite127

I have a take-home test and I don't understand it.

Explain the classical concept of the velocity of money.

What is the relationship between the velocity of money and the price level?

Analyze the following economic situations as to their effect on the velocity of money: (would it speed up velocity or slow down velocity?

Employers decide to pay all U.S. workers weekly instead of bi-monthly or monthly.

The decision of the U.S. Government to increase the stock of money.

The decision by U.S. corporations to increase the output of all other factors being constant.

The decision by U.S. consumers to increase present consumption and decrease future consumption.

In the classical theory what factor determines aggregate demand, which in turn determines the price level?

According to classical theory what three factors lead to long-term economic growth?

Explain the statement that business investment depends inversely on the rate of interest while personal saving depends directly on the rate of interest.

What were the two tenets or beliefs of mercantilism that the classical economists found to be objectionable? What was the role of money in mercantilist thinking and what was the role of money in the classical viewpoint?

In the classical theory of labor supply, it was believed that the individual attempts to maximize what factor? He will attempt to reach a point of a trade-off between what two factors? What two effects come into play in reaching this trade-off?

In classical theory, the output is solely determined by the supply of labor (our demand for the product does not affect it). Given this factor, the classical aggregate supply curve will have what shape?

What are the three sources of revenue available to the U.S. to finance deficit spending?

What is the effect on the U.S. economy if the first source is used?

What is the effect on the U.S. economy if the second source is used?

What is the effect on the U.S. economy if the third source is used?

burgundyswan98

EAS100Y1 Lecture 2: Lecture 2 notes.doc

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