Capitalism encourages consumption of finite resources, endless marketing and increased corporate power.

Capitalists make money primarily through their own labor.

The idea of “the invisible hand” originated with John Locke.

Low production costs provide an incentive to replace rather than repair.

Market morality implies that the market system has no independent moral duty other than obeying the law and meeting consumer demand.

Oligopolies and monopolies are examples of negative externalities.

Production costs that are not borne by consumers are an example of consolidation.

The BP Deep Water Gulf Oil Disaster polluted an international “commons” area of the Gulf of Mexico.

Government regulation of capitalism includes direct regulation, taxation, and government spending.

The Troubled Asset Relief Program (TARP) is an example government intervention to protect workers’ rights in the work place.

The terms “international business” and “globalization” mean the same thing in the Gibson textbook.

Globalization has accelerated over the last two decades.

“Race to the bottom” means producers will relocate anywhere to find cheaper low skilled labor and lower overhead.

Borders are open for trade but often closed to immigrants who want jobs.

WTO hearings are open to the public.

The North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP) are agreements between nations designed to restrict globalization.

The explosion of the Macondo well could have been prevented.

The Financial Crisis Inquiry Report to the President concluded that the great recession of 2007-2009 was unavoidable.

The example of the Body Shop in the Gibson textbook is an example of both the best and the worst of Capitalism.

Capitalism provides us with a higher standard of living and material goods with more time to enjoy them.

The Federal Government's Deep Water Horizon Disaster report concluded that: To be allowed to drill on the outer continental shelf is a right to which all energy corporations are entitled.

An ethical assessment of a corporation's actions or decisions should be based on feelings.

An analytical framework provides the tools and standards for bridging the facts of a case study with a determination of the whether or not actions were ethical.

The determination of whether or not decisions or actions are ethical should take the form of an argument.