How do liberals and conservatives generally differ on economic issues?
a. Liberals are concerned with too much government power, whereas conservatives seek to reduce inequalities of income.
b. Liberals believe that the principle of equality does not apply to material conditions, whereas conservatives believe that the poor cannot exercise their rights as well as the rich.
c. Liberals prefer a laissez-faire approach to the economy, whereas conservatives take a more active approach to regulations.
d. Liberals prefer policies supporting the private economy, whereas conservatives seek out policies to control economic growth.
e. Liberals want to curb corporate power, whereas conservatives want to limit government power.
Question 2
Until the early 1900s, liberals favored
a. concentrations of economic power.
b. less change.
c. less government regulation.
d. more change.
e. more government regulation.
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