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How do the Confucian Values help COMMUNIST people believe that making money is moral? What is the role of Flexible Citizenship in Chinese market participation?

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Samantha Balando
Samantha BalandoLv7
28 Sep 2019

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Related questions

1) Insurance and social policy

You are making an app with a 5% chance of making a ton-load of money, and 95% chance of earning nothing. Your utility is the square root of income (Utility = Y1/2); you will have $10,000,0001/2 happiness if your app succeeds but 01/2 happiness if it fails.

a) (2 points) What is the expected value of your app? How much money can you expect to make? What is your utility at that income (if you know that your income will be the expected value of your app)?

Note that in EXCEL, the square root function is “=X^.5” for the number X

b) (1 point) What is your expected utility from your app? (Note: this is the weighted average of utility when the app succeeds and when it fails where the weight is the probability of success.)

c) (2 points) Why do people buy insurance? How can insurance companies profit? What happens to expected utility when people can buy insurance at a fair market price?

d) (2 points) What is moral hazard and what is adverse selection. How do these affect insurance markets? Give examples from the marketing of veterinary insurance. Would you expect markets with moral hazard and adverse selection to provide the optimal amount of veterinary insurance at an efficient price?

People that are in extreme poverty are barely able to survive. With all the advances in technology, medicine and education, these parts of the world are falling farther and farther behind. This is because they cannot afford these things to have the access to them. The world has become very greedy. It is all about making money for oneself and often not about helping others. I do not believe the poverty will be eradicated. Someone is always going to be at the bottom as rich nations get richer and the cost of living gets higher. I do believe that we should be able to eradicate extreme poverty but not with just the measure of the 0.7% request. I believe to fully eradicate extreme poverty it will have to be more than that. Rich nations should not have a problem fulfilling this request, however; greed shows its ugly head. It is also essentially making a country better off than what they were, so what if they prosper with that help? That is more competition. Money isn't the only thing that is needed to help. We need to educate the people and help them to manage money and their economies.

Give your reply to the above post.

Do you believe that all Alcoholic Beverage advertising should be banned? What concepts of Moral Philosophy and Social Responsibility are involved in your answer? Why is it that, until recently, beer and wine were advertised on Television but “hard liquor” was not? Don’t guess! Do some Research to find out the reason. Is “Moral Idealism” a part of your answer…why or why not?

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