Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
government intervention
B
deregulation
C
privatization
D
austerity measures
Understanding the Answer
Let's break down why this is correct
Answer
In the context of the political spectrum, liberals generally support government intervention and policies that aim to reduce economic inequalities. This can include things like higher taxes on the wealthy, increased social services, and regulations to protect workers' rights. For example, a liberal might advocate for a minimum wage increase to help low-income workers earn a living wage. On the other hand, conservatives believe that the free market should dictate economic outcomes, with minimal government interference. They argue that when businesses operate freely, it creates jobs and wealth, which can eventually benefit everyone, even those who are less well-off.
Detailed Explanation
Liberals believe that the government should step in to help reduce the gap between rich and poor. Other options are incorrect because Some might think that less government control helps everyone; People may believe that turning public services into private ones makes them better.
Key Concepts
Political Ideologies
Economic Policy
Government Intervention
Topic
Political Spectrum and Economic Issues
Difficulty
hard level question
Cognitive Level
understand
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