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
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
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
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