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Josiah Royce | Loyalty
Royce defines loyalty in terms of the willingness to devote oneself to a cause. He distinguishes loyalty from emotion and something done purely for personal advantage, emphasizing the social aspect of loyalty in that others would potentially join a particular cause as well. He returns at the end to the personal spectrum, however, by suggesting that whether one is devoted to a good or bad cause, there are positive effects to be gained for oneself.
-Which of the following is NOT a personal quality brought about by loyalty to a cause, according to Royce?
Government Spending
Government spending involves expenditures by government bodies on public services, infrastructure, defense, social welfare, and more, impacting the economy’s overall fiscal stance.
Resource Availability
This refers to the accessibility and abundance of natural, human, and capital resources which can be used for production.
Pioneering Spirit
The attitude or approach characterized by innovation, taking risks, and trying new things, often in exploration or business.
Recessions
Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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