Question

What is the moral economy?

a. It was the idea that all members of society should pay their fair share of taxes

b. The church became involved in setting prices in local communities for food and health care

c. It was the argument that abolitionists made: that an economy should not be based on the use of enslaved labor

d. An idea that prices should be just and fair, rather than the capitalistic attitude of making the most profit

e. None of the answers are correct

Answer 1

Answer - d. An idea that prices should be just and fair, rather than the capitalistic attitude of making the most profit.
Reason - Moral economy is an economic structure based on fair and just market rather than profit motivated. It does not believe in free market or capitalist market where one person could sold goods at higher prices to earn higher profits, rather in this type of economy, people believe in subsistence agriculture. In this type of economy, just and fair prices allows every individual or family to sustain by itself.