John Locke Argued That _____________

question 75

Multiple Choice

John Locke argued that _____________.

• A) government was a contract between the state and its people
• B) people were required to submit to authority rather than look after their own interests
• C) people were inherently evil and required a strong government to keep them in line
• D) science diverted people's attention from solving social issues
• E) None of these are true.

Recognize the role and implications of being a price taker versus a price maker in perfect competition.

Describe the demand curve faced by a perfectly competitive firm.

Explain the concept of standardized products in contrast to differentiated products in market structures.

Understand the entry and exit conditions in a perfectly competitive market.

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Definitions:

Atlantic Slave Trade

The systematic importation of African slaves from their native continent across the Atlantic Ocean to the New World, largely fueled by rising demand for sugar, rice, coffee, and tobacco.

La Jaula de Oro

A Spanish term meaning "The Golden Cage," referring to the 2013 Mexican film that depicts the journey of young migrants from Guatemala to the United States.

Los Tigres del Norte

A renowned norteño band from Mexico, famous for their songs that tell stories of life, love, and the experiences of immigrants.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often to imply a resemblance.