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KU BUS 150 Midterm 1 Exam questions well answered A+ rated

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April 5, 2025
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2024/2025
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KU BUS 150 Midterm 1 Exam questions
well answered A+ rated


In the Harrison Bergeron story, how did the government keep people like George
from taking unfair advantage of their brains? - correct answer ✔✔Placing a radio
transmitter in their ears


In the short video Equal or Fair Johan Norberg concluded that children's
perception of fairness is - correct answer ✔✔an unequal distribution of rewards
when there is an unequal distribution of effort.


Whom did the Handicapper General kill in Kurt Vonnegut's story "Harrison
Bergeron"? - correct answer ✔✔Harrison Bergeron and his empress


Which form of equality (using Milton Friedman's definitions) did Kurt Vonnegut
promote in his story "Harrison Bergeron"? - correct answer ✔✔Equality of
outcome


In the short video Equal or Fair, Johan Norberg reported the results of a study
about how children distributed rewards to two boys who cleaned their own
rooms. The researchers found that the children in the study - correct answer
✔✔rewarded the boy who worked harder at cleaning his room more than the boy
who put forth less effort.


Which person communicated the following passage: "The society that puts
equality before freedom will end up with neither. The society that puts freedom

, before equality will end up with a great measure of both." - correct answer
✔✔Milton Friedman


In the Harrison Bergeron story, the government placed handicaps on certain
people in order to - correct answer ✔✔decrease competition among the people.


According to Anderson and Huggins, why do historians believe that rules related
to property rights are so common in the anthropological record? - correct answer
✔✔To incentivize the time and effort required for investment. AND. The human
desire for order.


According to Anderson and Huggins, what are the "basic tenets" that guide the
economics of property rights? - correct answer ✔✔Property rights encourage
people to seek gains from trade.


According to the lecture, an example of the use of informal property rights relied
upon by aboriginal tribe in the Amazon rainforest, is - correct answer ✔✔those
who planted and cared for climbing trees next to fruit bearing trees that were
protected by large thorns along the trunks of the trees could use the climbing
trees to harvest the fruit


In 1864, who observed, "The world has never had a good definition of the word
liberty, and the American people, just now, are much in want of one. We all
declare for liberty; but in using the same word we do not all mean the same
thing." - correct answer ✔✔Abraham Lincoln.


A positive externality exists when a producer cannot charge some consumers or
beneficiaries for a portion of the benefit of the product. As a result, a positive

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