The First Two Laws of Nature Expounded by Hobbes Do

question 17

Multiple Choice

The first two laws of nature expounded by Hobbes do not include

• A) Take up arms against unjust authority.
• B) Defend oneself by any means necessary.
• C) Be willing, when others are too, to surrender one's right to all things.
• D) Seek peace.

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Definitions:

Mean-Variance Efficiency

A concept in portfolio theory that suggests an investment is efficient if it offers the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Risk-Adjusted Returns

A measure that puts the returns of an investment into perspective by taking into account the level of risk involved in producing those returns.

Market Proxy

A benchmark that represents the overall movement of the stock market.

Utility Functions

Representations of the satisfaction or pleasure consumers derive from consuming various goods or services.