Which of the Following Statements About John Locke's Political Philosophy

question 5

Multiple Choice

Which of the following statements about John Locke's political philosophy is LEAST accurate?

• A)Locke believed that the primary role of government was to ensure an equal distribution of property.
• B)Locke's beliefs had a profound effect on the founders of the American republic.
• C)Locke argued that people willingly submitted to the authority of government in return for its protection.
• D)Locke argued that citizens could overthrow a government that failed to protect, or actively threatened, their rights.
• E)Locke argued that human beings were born free, not bound to the will of another person or institution.

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Definitions:

Present Values

The today's worth of a future cash amount or cash flow series, determined by a given rate of return.

Discounting

The process of determining the present value of future cash flows by applying a discount rate, reflecting the time value of money.

Compounding

The process in which the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.

Effective Annual Rates

The interest rate on a loan or financial product restated from the nominal rate as an annual rate that accounts for compounding over a given period.