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BUSN 100 MIDTERM EXAM (APUS)
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BUSN 100 MIDTERM EXAM (APUS)
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Busi 100 Midterm1. Yes: Class 1 PollEv:
Mark Twain has the famous quote of: "a 'classic' is a boo that people praise and don't
read." Would Henry David Thoreau agree with this statement?
Yes
No
It isn't clear from Thoreau's writings as he discusses contemporary writings only
2. "The works of the great poets have never yet been read by mankind, for only
great poets can read them.": Class 1 PollEv:
Which of the following phrases is from Thoreau?
"The more that you read, the more things you will know. The more that you learn,
the more places you'll go"
"The works of the great poets have never yet been read by mankind, for only great
poets can read them."
"Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read."
"My alma mater was books, a good library... I could spend the rest of my life reading,
just satisfying my curiosity."
3. Education is not simply doing the thins we like, studying the things that
appeal to us, or wandering around the world of thought. But, rather, education
is the unpleasant task, the hard lesson, and the bitter experience that often
lead to knowledge and power and good - WEB Du Bois: Reading from Walden:
4. Necessity: Class 2 PollEv: In Plato's The Republic, who or what is the "true
creator" of a State?
Creativity
Geography
Mojang
Natural Resources
Necessity
Political Leader
None of the Above
5. None of the above
(the exchange should be mutually beneficial): Class 2 PollEv: In Plato's the Re-
public, individuals exchange with one another, and one gives, and another receives,
with the intention that the exchange
will •
benefit the State
, Busi 100 Midterm
be nullified
enrich one, but not the other
be a "zero-sum" transaction
none of the above
6. Reading
(easy reading): Class 2 PollEv: What was Thoreau referencing when he said that
it leads to a "dulness of sight, a stagnation of the vital circulations, and a general
deliquium and sloughing off of all the intellectual faculties."
Growing Beans
Public Speaking
Reading
Writing
Watching TV
None of the above
7. False: Class 2 PollEv: An example of Adam Smith's "invisible hand" is a states-
man, council, or senate who directs private citizens in what manner they ought to
employ their capital.
True
False
8. False: Class 2 PollEv: In Smith's Wealth of Nations, he makes the argument that
given equal profits between domestic and foreign trade, a merchant is likely to put
his greatest support into developing the foreign market.
True
Flase
9. Smith: The natural advantages which one country has over another, in
producing particular commodities, are sometimes so great, that it is acknowl-
edged by all the world to be in vain to struggle with them...As long as the one
country has those advantages, and the other wants them, it will always be
more advantageous for the latter rather to buy of the former than to make. It is
an acquired advantage only, which one artificer has over his neighbour, who
exercises another trade; and yet they both find it more advantageous to buy
of one another, than to make what does not belong to their particular trades.
Plato: A State, I said, arises, as I conceive, out of the needs of mankind; no one
is self-sufficing, but all of us have many wants. Can any other origin of a State
be imagined?
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