Preference for Which of the Following Economic Policies Helps to Explain

question 31

Multiple Choice

Preference for which of the following economic policies helps to explain why the U.S.has a smaller and more limited government than do most other advanced industrialized countries?

• A)laissez-faire
• B)populist-Consider This: Populism isn't directly related to economic policies,but it does champion the political legitimacy of the "little people" over the elite.
• C)pluralist
• D)egalitarian

---

Definitions:

Predicted Benefits

Expected advantages or improvements that result from a particular action or policy.

System-1

Fast, automatic, intuitive approach of processing information, often contrasted with the slower, more deliberate reasoning of System 2.

System-2

A term used in psychology referring to the analytical and conscious mode of thinking, characterized by slower, more deliberate, and logical reasoning.

Ethical Decisions

Choices made based on moral principles and values, considering what is right and wrong.