📚 Learning Guide
Political Spectrum and Economic Issues
easy

Which of the following statements best reflects the principles of right-wing ideology in economic issues?

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Choose the Best Answer

A

The government should play a minimal role in the economy.

B

Wealth redistribution is essential for social justice.

C

Increased taxation on the wealthy is necessary.

D

Public ownership of resources is preferred.

Understanding the Answer

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Answer

Right-wing ideology in economic issues generally emphasizes free markets, limited government intervention, and individual responsibility. This means that right-wing thinkers believe that the economy works best when businesses operate without too much regulation from the government. They argue that when people are free to make their own choices about spending and investing, it leads to more innovation and growth. For example, if a new technology company wants to create a product, right-wing ideology supports the idea that it should be able to do so without needing lots of permits or approvals from the government. Overall, the focus is on promoting personal freedom and economic competition to drive prosperity.

Detailed Explanation

Right-wing ideology believes that the government should not interfere much in business. Other options are incorrect because Some people think that sharing wealth is the best way to help everyone; Many believe that taxing the rich helps the poor.

Key Concepts

right-wing ideology
Topic

Political Spectrum and Economic Issues

Difficulty

easy level question

Cognitive Level

understand

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