________ is a political ideology that tries to balance capitalist markets and private property with some degree of state intervention in the economy to ameliorate problems of economic inequality.
A. Economic liberalism
B. Command economy
C. Social democracy
D. Free market ideology
E. Laissez faire
Question 2
The economists who are in favor of an interventionist state ________.
A. argue that minimal state involvement in the economy is adequate to maintain
economic growth
B. believe that command economies tend to generate economic inequalities
C. argue that economic policies such as low tax rates, and low tariffs and other barriers
to imports are best ways to protect private property and encourage productive
investment
D. believe that sacrificing some individual economic freedom is necessary to support
the welfare of everyone in the society
E. emphasize political and economic freedom of choice of individual citizens
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