What did Thomas Hobbes believe? Throughout his life, Hobbes believed that the only true and correct form of government was the absolute monarchy. He argued this most forcefully in his landmark work, Leviathan. This belief stemmed from the central tenet of Hobbes’ natural philosophy that human beings are, at their core, selfish creatures. What did […]
What does an economist need?
What does an economist need? A master’s degree or Ph. D. is required for most economist jobs. Positions in business, research, or international organizations often require a combination of graduate education and work experience. In addition, courses that introduce students to statistical analysis software are helpful. What would an economist most likely classify as a […]
What are the main functions of the central bank?
What are the main functions of the central bank? The functions of a central bank can be discussed as follows: Currency regulator or bank of issue. Bank to the government. Custodian of Cash reserves. Custodian of International currency. Lender of last resort. Clearing house for transfer and settlement. Controller of credit. Protecting depositors interests. What […]
What was the significance of the 1876 election?
What was the significance of the 1876 election? It was one of the most contentious presidential elections in American history, and gave rise to the Compromise of 1877 by which the Democrats conceded the election to Hayes in return for an end to Reconstruction and the withdrawal of federal troops from the South. What was […]
Which type of jurisdiction do federal trial courts have limited original?
Which type of jurisdiction do federal trial courts have limited original? Federal courts are courts of limited jurisdiction, meaning they can only hear cases authorized by the United States Constitution or federal statutes. The federal district court is the starting point for any case arising under federal statutes, the Constitution, or treaties. Which type of […]
What is a locks?
What were the major transportation developments of the 19th century?
What were the major transportation developments of the 19th century? At the beginning of the century, U.S. citizens and immigrants to the country traveled primarily by horseback or on the rivers. After a while, crude roads were built and then canals. Before long the railroads crisscrossed the country moving people and goods with greater efficiency. […]
What is the philosophy of legalism?
What is the philosophy of legalism? Legalism in ancient China was a philosophical belief that human beings are more inclined to do wrong than right because they are motivated entirely by self-interest and require strict laws to control their impulses. It was developed by the philosopher Han Feizi (l. c. 280 – 233 BCE) of […]
What groups benefit from inflation?
What groups benefit from inflation? Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts. How […]
What are the 3 types of productive resources?
What are the 3 types of productive resources? There are three kinds of productive resources: human, natural, and capital. Human resources are the strength, education, and skills of people. Natural resources are the gifts of nature that are used to produce goods and services. What are 4 types of productive resources? Transcript. The factors of […]