Which Political Party, Based on the Modern Usage of the Term

question 69

Multiple Choice

Which political party, based on the modern usage of the term, refers to support for an emphasis on individual liberty and argues that governmental involvement in the lives of Americans should be as minimal as possible?

• A) libertarianism
• B) socialism
• C) conservatism
• D) liberalism

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Definitions:

Genuine Contracts

Contracts that are legally binding and enforceable, characterized by mutual assent, consideration, capacity, and legality.

Implied in Fact Contracts

Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.

Obligation Imposed

A duty or responsibility enforced by law, regulation, or agreement.