- The first and most basic economic principle is: _________.
- Man owns private property.
- God owns everything.
- Man is to be God’s steward.
- Economics is a scientific discipline.
- Economics is primarily a study of man’s _________.
- A steward is one who, under the authority of the owner, manages his property for _____________.
- personal gain
- the welfare of others
- the best use of his family
- the owner’s benefit and good
- Because economics deals with __________, it is always going to be related to ethical issues.
- human action
- monetary function
- fiscal management
- resource allocation
- Why study economics?
- We must be obedient to the cultural mandate as children of Adam and Eve.
- We can grow in our prosperity if we follow the economic principles God created for our benefit.
- God expects us to use that prosperity for the growth of His Kingdom both locally and abroad.
- All of the above.
- Explain the relationship between stewardship and economics.
- Name some ways that the cultural mandate is related to economics in your own life.
- Why do you think economics is often divorced from morality in the modern world?
- How might economics enable us to fulfill the Great Commission beyond just providing missionaries with financial support?
- Almost everyone today agrees that economics is important. But many will say they are confused by it. Why do you think that is? If understanding economics is important to men and women being faithful stewards, what might be the reasons it is not widely taught either in society or the church?
- What are some of the ways that economics is related to morality?
- If economics is ‘man making choices as to how to best use his limited resources in order to be a good steward before God, what are some specific ways you act economically in your particular calling?
For Further Study
Foundations of Economics – Ritenour – Introduction, Chapter 1
Basic Economics, 3rd Ed. – Carson & Cleveland – Chapters 1-2
Prosperity and Poverty – Beisner – Introduction
Multiple choice answers: 1.b 2.c 3.d 4.a 5.d
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