Multiple Choice
The English philosopher John Locke argued that
A) only when we think about both marginal benefits and marginal costs can we realize there are alternate ways of pursuing objectives.
B) there should be a protective function and a productive function of government.
C) people own themselves as well as the fruits of their labor and thus the role of government is to protect these natural rights of individuals.
D) Competition is vital to the proper operation of the pricing mechanism.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Manny's Bar-n-Grill is next door to a
Q20: If a group of sellers that can
Q28: "Government failure" exists when political decision-makers choose
Q36: The "free rider problem" occurs in connection
Q67: Use the figure below to answer the
Q68: In the absence of government intervention, goods
Q117: There is substantial agreement among scholars that
Q178: People who receive the benefit of a
Q182: A good is considered to be a
Q184: Markets provide the efficient amount of a