eco md1 qz 1
Which of the following represents fundamental reasons as to why all poverty relief programs that create or perpetuate dependence, reward sloth, or level those who work hard along with those who hardly work at all fail? [choose all that apply]
-Such poverty programs do not actually enable recipients to exercise godly dominion. -This is because such programs strike at the heart of what it means to be human—to bear the image of God. - Typically, such programs focus too much on the power and prestige of the givers and benefactors who have the tendency to dominate and oppress recipients.
According to Madison, what sort of property is considered to be most valuable?
According to Madison, the most sacred form of property is a man's conscience.
The Axiological dilemma deals with what life-question in a final way?
Axiology attempts to deal with issues of ultimate value.
James Madison quotes from Sir William Blackstone's Commentaries on the Laws of England and specifically that section which established the origin of property from Genesis 1:28. Which of the following does not model Blackstone's use of this passage?
Blackstone understood Genesis 1:28 as God granting man the authority to do whatever he wanted with creation. Though God created, he left His creation to man to dispose of in whatever manner he saw fit.
What is covetousness?
Covetousness is the inordinate longing for the wealth of others and its gain through unjust means.
According to COR, what is Economics?
Economics is the study of the principles and methods of allocating scarce resources to achieve optimal production, distribution, and consumption of wealth.
The Epistemological dilemma deals with what life-question in a final way?
Epistemology asserts ultimate answers to the question "How can I know what is true?"
Where does the right to the ownership of private property originate, and which British common law recognized?
Its origination is recorded in Genesis 1:28: God establishes a general grant of dominion to all mankind and can lawfully do so because He owns all the earth.
All worldviews must answer four philosophical dilemmas, each of which addresses a life concern in a final way. What does the Ontological question attempt to address in a final way?
Ontology attempts to provide final answers to questions of origins, or the ground of being and existence.
Which of the following is incorrect, biblically, in regards to the nature, definition, or characterization of property?
Property, properly speaking, can be isolated to the ownership of external, tangible, and taxable things.
The Teleological dilemma deals with what life-question in a final way?
Teleology attempts to provide final answers to questions of purpose and destiny.
What is meant by the phrase "institutional structure and procedure of life"?
The "institutional structure and procedure of life" is the total societal and relational expression of answers to all the basic questions in life.
According to Madison, what is the primary purpose of civil-government?
The primary purpose of government is the protection of man's property in both its external and internal forms, a man's rights relative to his property and the property a man has in his rights.
In considering a biblical worldview statement on property, which of the following affirms the ownership of property from the Scriptures?
all are correct
according to Madison, governments are not just, nor property secure under it when
all are correct
The principle of property, linked to individuality, issued forth in an equality of civil protection for liberty of -and the necessary freedoms to pursue - and religious duties owed to God and neighbor. Such duties include charity and private philanthropy.
conscience moral
Which economic system rewards people according to the intelligence, creativity, and diligence of their work?
free market system
Which of the following is not a moral criteria of the free market or a necessary part of the ethical foundations of Economics?
good intentions
Underlying the Christian view of economics is:
man made in God's image
