Please answer each question in a clear, brief, and concise essay.
1. Discuss some of the ethical issues that have developed as a result of globalization.
2. Markets become inefficient when social and private costs diverge. Please explain and provide examples.
3. What did Adam Smith mean by the “invisible hand”? Please discuss both pros and cons and give an example.
4. What is utilitarianism and how do you think it interacts with individual rights and justice?
5. From an ethical point of view is big business always bad business? Explain all sides of the issue.
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