Knowledge, Truth, Belief Assignment Example | Topics and Well Written Essays - 250 words - 5

Knowledge, Truth, Belief - Assignment Example One should then seek out processes that are reliable. In all these, we see that any explications, even externalist explications, revolve around and make use of the internalist concepts (Chisholm 295). Goldman is an externalist, by explaining his position in justification after facts. He believes that the justification status of a certain belief is a function of the processes’ reliability. This is an externalistic approach. He disputes Chisholm’ internalist approach that justification status of a certain belief is something that the cognizer determines or is able to know. It is not necessary for the cognizer to know that a certain belief is justified. Rather, it is the reliability of the process that is important; that is, justifying your action after tested/reliable facts. There is a need for a merger between the two approaches. Internalism and externalism on their own provide unsatisfactory responses in answering the deepest epistemological issues (Laurence 8). For a belief to be justified, it is important to possess internal belief. However, it is imperative to base this internal belief on reliable processes. Hence, justification should not solely be determined by factors which are internal to person. For a proper response to epistemological issues, a hybrid of the two systems should be

Business Economics Assignment Example | Topics and Well Written Essays - 2500 words

Business Economics - Assignment Example B) Can lower average total cost if the advertising increases the quantity sold by a large enough amount. C) Cannot lower average total cost because when a firm advertises it increases its costs. D) Always lower average total cost because whenever a firm advertises, it increases the quantity sold. E) Lower total cost if the advertising increases the quantity sold by a large enough amount. 3) A monopoly arises for two key reasons, which are ________. A) Franchises and barriers to entry B) Natural and legal C) Barriers to entry and close substitutes D) Close substitutes and no barriers to entry E) Barriers to entry and no close substitutes 4) Dole Co. operates in a monopolistically competitive market. Which of the following characterizes Dole Co.'s market? A) Dole Co. faced no barrier to entry when it decided to enter its market. B) Dole Co. supplies a small portion of the market's output. C) Dole Co. is unable to collude with other firms in the market. D) Dole Co.'s product is slightly different from its competitors. E) All of the above describe Dole Co.'s market. 5)A market in which firms can enter and leave so easily that firms in the market face competition from potential entrants is called a A) Contestable market. B) Natural oligopoly C) Limit pricing market. D) Monopolistic competition market. E) Cartel. 6) If the demand for its good or service is inelastic, a monopoly's A) Total revenue increases when the firm lowers its price. B) Marginal revenue is positive. C) Total revenue is unchanged when the firm lowers its price. D) Marginal revenue is negative. E) Marginal revenue is equal to zero. 7) In monopolistic competition, firms compete on the basis of A) Quality and marketing, but not price. B) Price, quality, and marketing. C) Price only. D) Quality only. E) Marketing only. 8) Rent seeking is best defined as attempts A) By individuals to avoid paying taxes. B) By owners of a monopoly to sell the firm. C) To achieve monopoly power and the resulting economic profit. D) By landlords to get tenants. E) None of the above. 9) In the long-run, a firm in monopolistic competition produces at an output level where A) P = ATC and MR > MC. B) P = ATC and MR = MC. C) P > ATC and MR > MC. D) P > ATC and MR = MC. E) P > ATC and MC > ATC. 10) Some unemployment is unavoidable because ________. A) Many part-time workers would like to have full-time work B) There is always some cyclical unemployment C) Often people become discouraged workers D) Many people in the working-age population attend school and are unemployed E) People are making transitions through the stages of life and businesses are making transitions 11) Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate. A) Equals; minus B) Plus; equals C) Times; divided by 100 equals D) Minus; equals E) Equals; plus 12) Which of the following exchange rate policies uses a target exchange rate, but allows the target to change? A) Crawling peg B) Fixed exc hange rate C) Moving target D) Flexible exchange rate E) None of the above 13) An increase in the tax on capital income ________ the supply of loan able funds and ________ investment. A) Decreases; increases B) Decreases the demand for loanable funds; decreases or increases C) Decreases; decreases D) Increases;