In This Selection from the Apology, Plato Recounts the Trial

question 2

True/False

In this selection from the Apology, Plato recounts the trial of Socrates, accused of corrupting the youth of Athens and not believing in the gods. Socrates defends himself, declaring that he is guilty only of asking probing questions of men who claim to be wise, thus exposing their ignorance. Unlike many who pretend to be wise, Socrates professes no wisdom yet is wiser than most in that he does not claim to know what he in fact does not know. Nevertheless, he tells the court that the good life is one in which we continually search for the truth and examine our lives in a never-ending pursuit of human excellence. He insists, "No greater good can happen to a man than to discuss human excellence every day and the other matters about which you have heard me arguing and examining myself and others, and that an unexamined life is not worth living." Socrates is found guilty by the court and is given the sentence of death or exile from Athens. He chooses death, staying true to his principles to the end.
-Socrates wrote several classic dialogues.

Evaluate the effects of shifts in supply and demand on producer and consumer surplus.

Recognize the significance of efficiency and equality in resource allocation.

Interpret supply and demand tables and graphs to determine economic outcomes.

Compare and contrast the effects of market changes on producer and consumer behavior.

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Definitions:

One More Unit

The concept of producing or acquiring an additional unit of a good or service and analyzing its impact on overall operations or outcomes.

Pure Competition

A market structure characterized by a large number of small firms producing identical products with no single firm influencing the market price.

Perfectly Elastic

Describes a demand or supply situation where quantity demanded or supplied changes by an infinite amount in response to any change in price.

Unique Product

A product that is distinctive and has no exact substitutes in the market, often giving its producer a competitive advantage.