dolution

1) Zwolinski argues that while price gouging is not immoral, it should still be illegal

True

False

2) Which of the following is not a feature of most anti-gouging statutes?

Group of answer choices

Period of emergency

Market clearing prices

Price ceilings

Necessary items

3) Allowing a merchant to increase their prices during an emergency to accommodate increased costs imposed by suppliers still fails to take account of the _______________.

Group of answer choices

government favoring some merchants over others

the interests of the customer paying the increased cost

the emergence of non-merchants taking advantage of buyers

risk of staying open during an emergency or disaster

4) One problem with price gouging is that it interferes with the signal that prices convey about the relative supply and demand of goods. Zwolinski attributes the information conveyed by prices to which economist?

Group of answer choices

F.A. Hayek

Israel Kirzner

Mike Munger

Immanuel Kan

5) One problem with price gouging is that it interferes with the signal that prices convey about the relative supply and demand of goods. Zwolinski attributes the information conveyed by prices to which economist?

Group of answer choices

F.A. Hayek

Israel Kirzner

Mike Munger

Immanuel Kant

6) (Fill in the blanks) The _________________ process of the marketplace works to bring supply and demand into ________________.

Group of answer choices

competitive; equilibrium

exploitative; disequilibrium

profit-making; competition

legal; reasonable balance

7) (Fill in the blank) While the Aristotelian phronimos would likely decide to charge for ice in a way that would produce a reasonable rate of profit, as not-fully virtuous human beings our ________________ should indicate to us that we lack the virtue, information, and rationality to determine for ourselves what such a reasonable rate would be.

Group of answer choices

use of the Golden Rule

greed

epistemic humility

fiduciary duty

8) Laws that would prohibit a hotel from doubling the price of their posted rates during an emergency ________________.

Group of answer choices

protects the vulnerable from exploitation

would increase the supply of hotel rooms

would increase the supply of available hotel rooms

decrease the supply of available hotel rooms

9) Zwolinski argues for the claim that __________________ is not wrongful.

Group of answer choices

mutually beneficial exploitation

coercive exploitation

fraudulent exploitation

eye gouging

10) (True or false) Zwolinski argues that the actions of the young men from Goldsboro are sufficient evidence to conclude they have virtuous moral character.

Group of answer choices

True

False

No answer text provided.

No answer text provided.