Adam Smith and John Locke Both Believed ____

question 114

Multiple Choice

Adam Smith and John Locke both believed ____.

• A)that the protection of private property was a core function of government.
• B)that only propertied males should be involved in government.
• C)that a class system promotes exploitation of the lower classes.
• D)in a strong, centralized, controlling government.
• E)that economic activity was based on the division of labor.

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Definitions:

HUD

HUD stands for Head-Up Display, a transparent display that projects critical information, such as speed and navigation, in the driver's line of sight.

High Intensity Discharge

A type of automotive headlight that produces light through an electric arc between tungsten electrodes housed inside a translucent or transparent fused quartz or fused alumina arc tube.

Net Present Value

Net Present Value (NPV) is a financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Present Value

The current value of a sum of money or cash flows expected in the future, discounted at a given return rate.