LUOA Economics Final exam study questions and answers with complete solution

LUOA Economics Final exam study questions and answers with complete solution All worldviews must answer for philosophical dilemmas, each of which address a life concern in a final way. What does the ontological question attempt to address a final way - Answer ️️ - Ontology attempts to provide final answers to the question of origins, lr the ground of being and existence The app is molded you call the limo deals with what life question in a final way? - Answer ️️ - Epistemology contains ultimate answers to the question "how can I know what is true" The Axiological dilemma deals with what life-question in a final way? - Answer ️️ -Axiology attempts to deal with issues of ultimate value. The teleological dilemma deals with what life question in the final way? - Answer ️️ - Teleology attempts to provide answers to question of purpose and destiny What is meant by the phrase "institutional structure and procedure of life" - Answer ️️ -The "institutional structure and procedure of life" is the total societal and relational expression of answers to all the basic questions in life The underlying Christian view of economics is: - Answer ️️ -Man is made in God's image Which of the following represents fundamental reason as to why all poverty relief programs that create or perpetuate dependence, reward sloth, or level those who work hard along with those hardly work at all? - Answer ️️ -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 a tendency to dominate and oppress recipients Which economic system rewards people according to the intelligence, creativity, and diligence of their work? - Answer ️️ -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? - Answer ️️ -Good intentions