What is the philosophy of legalism?

What is the philosophy of legalism? Legalism in ancient China was a philosophical belief that human beings are more inclined to do wrong than right because they are motivated entirely by self-interest and require strict laws to control their impulses. It was developed by the philosopher Han Feizi (l. c. 280 – 233 BCE) of […]

What groups benefit from inflation?

What groups benefit from inflation? Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts. How […]

What does an economist need?

What does an economist need? A master’s degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful. What would an economist most likely classify as a […]

What are the main functions of the central bank?

What are the main functions of the central bank? The functions of a central bank can be discussed as follows: Currency regulator or bank of issue. Bank to the government. Custodian of Cash reserves. Custodian of International currency. Lender of last resort. Clearing house for transfer and settlement. Controller of credit. Protecting depositors interests. What […]

How did Bush v Gore change the country quizlet?

How did Bush v Gore change the country quizlet? In Bush v. Gore (2000), a divided Supreme Court ruled that the state of Florida’s court-ordered manual recount of vote ballots in the 2000 presidential election was unconstitutional. The recount resulted in a dramatic tightening of the race, leaving Bush with a bare 327-vote lead out […]

What are some criticisms of IQ tests?

What are some criticisms of IQ tests? Criticisms have ranged from the claim that IQ tests are unfair to those who are disadvantaged, to the claim that the test items have changed little over the years, to the charge that IQ tests minimize the importance of creativity, practical intelligence, character, virtue, and morality, to the […]

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