Briefly explain Adam Smith’s three points about human nature as well as how they lead to a system of exchange.

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A. Briefly explain Adam Smith’s three points about human nature as well as how they lead to a system of exchange. Next, explain the ‘Invisible Hand’ and the role it is supposed to play in such a system. Provide a criticism of his view. Does the criticism succeed? Explain your answer.
B. State (in premise/conclusion form) Robert Nozick’s Wilt Chamberlain argument, then explain it. Next, provide a criticism of the argument. Does the criticism succeed? Explain your answer.
C. State and explain John Rawls’ difference principle as well as why he believes we would choose it in the original position. Provide a criticism of the difference principle. Does the criticism succeed? Explain your answer.
D. State (in premise/conclusion form) Peter Singer’s argument for our obligation to prevent some absolute poverty, then explain it. Next, provide a criticism of the argument. Does the criticism succeed? Explain your answer.

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