Social Contracts Typically

question 23

Multiple Choice

Social contracts typically

• A) allow people to keep their rights just as they were before the state is created.
• B) require people to give over all of their rights to the state.
• C) require people to give over some degree of their rights to the state.
• D) claim that nobody has any rights to begin with.

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Definitions:

Overgrazing

The degradation of a grazing land, resulting from livestock grazing at a rate higher than the capacity of the land to regenerate.

Production Possibilities Curve

A graph that shows the combinations of two goods that can be produced using all available resources and technology efficiently.

International Specialization

The economic strategy where countries focus on the production and export of goods and services that they can produce most efficiently.

Full Employment

An economic condition where all available labor resources are being used in the most efficient way possible, typically signifying a very low unemployment rate.