The Philosopher Thomas Hobbes Famously Stated That Without Law, Existence

question 31

Multiple Choice

The philosopher Thomas Hobbes famously stated that without law, existence would be a 'war of all against all'.By that he meant:

• A)law is necessary to keep the peace and prevent chaos.
• B)law is a vehicle of oppression.
• C)law discourages international conflict.
• D)law is necessary to keep military forces in check.

Analyze the benefits of specialization and the division of labor in boosting productivity and facilitating trade.

Understand the role of opportunity cost in decision-making and trade-offs.

Identify the conditions under which individuals or entities would benefit from specialization and trade.

Explain the function of money as a medium of exchange in facilitating trade.