Ayn Rand's definition of capitalism includes a free market where people trade goods that have value to them She makes a distinction between items with philosophically objective value and those with socially objective value. Which of the following statements does NOT reflect her distinction between philosophical and socially objective values? a. a rational person will decide what objects are socially objectively valuable to him/her- b. items that are philosophically objectively valuable are not necessarily the most popular. c. the market walue pf a product represents its philosophically objective value. d. a famous Renaissance sculpture could be considered philosophically valuable e. a company that wants to make money should produce goods with socially objective value
Ayn Rand's definition of capitalism includes a free market where people trade goods that have value to them She makes a distinction between items with philosophically objective value and those with socially objective value. Which of the following statements does NOT reflect her distinction between philosophical and socially objective values? a. a rational person will decide what objects are socially objectively valuable to him/her- b. items that are philosophically objectively valuable are not necessarily the most popular. c. the market walue pf a product represents its philosophically objective value. d. a famous Renaissance sculpture could be considered philosophically valuable e. a company that wants to make money should produce goods with socially objective value
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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83) Ayn Rand's definition of capitalism includes a free market where people trade goods that have value
to them She makes a distinction between items with philosophically objective value and those with
socially objective value. Which of the following statements does NOT reflect her distinction between
philosophical and socially objective values?
a. a rational person will decide what objects are socially objectively valuable to him/her-
b. items that are philosophically objectively valuable are not necessarily the most popular.
c. the market walue pf a product represents its philosophically objective value.
d. a famous Renaissance sculpture could be considered philosophically valuable
e. a company that wants to make money should produce goods with socially objective value
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