Adequacy of Moral Reasoning

1. What are the three criteria used to evaluate the adequacy of moral reasoning? (5%)

2. A person has a right when that person is entitled to act in a certain way or is entitled to have others act in certain way toward him or her. Explain the two (2) types of right and their characteristics. (5%)

3. Karl Marx is the most famous critic of capitalism or the free market economy. According Marx, capitalism caused alienation of a huge scale. DISTINGUISH between Karl Marx’s four forms of alienation. (5%)

4. What are the 3 models of market competition? (5%)