Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Regulation
B
Laissez-faire
C
Wealth redistribution
D
Universal healthcare
Understanding the Answer
Let's break down why this is correct
Answer
Liberal economic policies focus on reducing government intervention in the economy, believing that free markets can lead to better outcomes for everyone. In contrast, conservative economic policies often support traditional values and may advocate for more limited government intervention, emphasizing individual responsibility and free enterprise. Therefore, while liberal policies lean towards less regulation, conservative policies can be seen as favoring a balance where the government steps back but still plays a role in maintaining order and stability. For example, a liberal approach might push for fewer regulations on businesses to promote growth, while a conservative approach might support certain regulations to ensure fair competition and protect consumers. Both perspectives aim for economic prosperity, but they differ in how much they believe the government should be involved.
Detailed Explanation
Conservative economic policies often favor laissez-faire, which means less government control. Other options are incorrect because Some might think conservatives want more rules, but they usually prefer fewer regulations; Wealth redistribution means taking money from some and giving it to others.
Key Concepts
Political Spectrum
Economic Issues
Government Intervention
Topic
Political Spectrum and Economic Issues
Difficulty
easy level question
Cognitive Level
understand
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