John Locke Was Responsible for

question 52

Multiple Choice

John Locke was responsible for

• A) synthesizing previous doctrines on international law.
• B) the idea of society as being in a constant state of war.
• C) advocating political democracy for the entire populace.
• D) emphasizing the social contract between the people and government.
• E) disestablishing the Church of England.

Distinguish between public and private savings, and their contribution to national saving.

Understand the components and calculations involved in determining the quantity of loanable funds in a closed economy.

Analyze the effects of changes in interest rates on the supply and demand for loanable funds.

Identify the factors influencing private and public saving within the closed and open economy models.

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Definitions:

Equate

To consider one thing to be the same as or equivalent to another.

Critics

Individuals or groups who express judgments and opinions on works of art, policies, performances among others, often based on careful analysis and evaluation.

Utilitarian Theory

A normative ethical theory that suggests the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Public Policy

The principles and actions adopted or proposed by a government or organization to address public issues, concerns, or the welfare of the community.