Locke Believed That There Was No Difference Between Primary and Secondary

question 45

True/False

Locke believed that there was no difference between primary and secondary qualities.

Recognize the effects of small changes in productivity growth rates over time.

Understand the implication of labor productivity growth on real GDP per capita.

Analyze the role of technological change in economic development and worker displacement.

Understand the relationship between sales growth and inventory requirements.

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Definitions:

Unregulated Speculation

Financial investments in markets without governmental oversight, potentially leading to volatile market conditions and financial crises.

Dynasty

A line of hereditary rulers of a country or empire; a succession of people from the same family who play a prominent role in business, politics, or another field.

Present Discontents

A reference to current dissatisfaction or unease among a population or within an individual about social, political, or personal circumstances.