Short Answer Questions

R.C. Sproul, Jr

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1. Explain why some economic systems tend toward increasing poverty while other systems tend toward decreasing it.

Economic systems that do not recognize the way God has created the world to work as well as the impact of sin on the world, will inevitably end in poverty. Those systems that do seek to build on Biblical truth will lessen poverty.

2. Why is the law important for economics? For personal liberty?

The law provides boundaries within which economic growth can occur. For instance, laws against murder, stealing, and lying are all necessary to have a functioning society that protects life and property. The law also is the basis of Biblical civil government which limits the powers of government to control people.

3. What are some economic roles the civil government has undertaken in the modern world? What does the Bible say (or not say) about those roles?

It seems today that the civil government has taken on limitless roles in regard to economics. These include excessive redistribution of wealth through taxation, which is a form of stealing; it includes many regulations put in place to limit some people’s abilities to steward their own property; it includes printing more paper money and inflating the money supply, thereby stealing from future savings; it includes giving people money through welfare instead of through work; there are many other ways, as well.

Economics for Everybody

Short Answer Questions

R.C. Sproul, Jr

1. Explain why some economic systems tend toward increasing poverty while other systems tend toward decreasing it.

2. Why is the law important for economics? For personal liberty?

3. What are some economic roles the civil government has undertaken in the modern world? What does the Bible say (or not say) about those roles?