1. : What does the concept of economic justice primarily emphasize?
(A) Equal distribution of wealth and opportunities
(B) Maximizing corporate profits
(C) Free market monopoly
(D) Avoiding government regulation
2. : Which principle is most closely related to fair wages?
(A) Paying workers the minimum possible amount
(B) Compensation based on dignity, equality, and fairness
(C) Reducing wages for higher profits
(D) Prioritizing employers’ wealth only
3. : Which global organization sets international labor standards, including fair wages?
(A) WTO
(B) IMF
(C) ILO
(D) WHO
4. : The idea of a living wage refers to:
(A) Minimum income needed for basic living standards
(B) Wages set by international banks
(C) Salary equal to company profits
(D) Compensation for unemployment
5. : Which of the following is an example of economic injustice?
(A) Equal pay for equal work
(B) Wage discrimination based on gender or race
(C) Providing social welfare programs
(D) Collective bargaining for workers
6. : What ethical concern arises with extremely low wages?
(A) Higher innovation
(B) Worker exploitation and poverty
(C) Improved productivity
(D) Increased foreign investment
7. : Which term refers to the difference in income between the richest and the poorest in society?
(A) Wage ceiling
(B) Income inequality
(C) Profit-sharing
(D) Wealth stabilization
8. : Fair wage policies are important because they:
(A) Reduce worker motivation
(B) Promote social justice and stability
(C) Encourage wage theft
(D) Increase corporate fraud
9. : According to ethical theories, which principle supports fair wages?
(A) Utilitarianism – maximizing overall well-being
(B) Relativism – ignoring universal standards
(C) Egoism – focusing on self-interest only
(D) Profit-maximization theory
10. : Which action reflects economic justice in the workplace?
(A) Paying all workers equally regardless of skill
(B) Offering wages that ensure decent living conditions
(C) Exploiting labor in developing countries
(D) Avoiding wage transparency