Spencer Believed That If the Principle of Evolution Was Allowed

question 21

Multiple Choice

Spencer believed that if the principle of evolution was allowed to operate freely:

• A)the world would be a jungle
• B)humans would become more animalistic
• C)animals would have become more like humans
• D)all living organisms and societies would approximate perfection

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Definitions:

Money Demand

The desire to hold cash or liquid assets based on the trade-off between the liquidity provided by holding money and the foregone interest earnings from not investing it.

Financial Assets

Assets that derive value from contractual claims, such as stocks, bonds, bank deposits, and other investments.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in bank accounts.