Both Conservatives and Liberals Tend to Approve of Markets Because

question 187

Multiple Choice

Both conservatives and liberals tend to approve of markets because

• A)markets are effective in solving many of society's problems.
• B)markets work well in all cases, and can be relied upon to solve problems.
• C)their goals are similar enough that they can rely on the same means.
• D)production is the most important goal, and market systems are very productive.
• E)of all of the above.

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Definitions:

Labor Unions

Organizations formed by workers from related fields that work for the mutual benefit of its members to negotiate wages, working conditions, benefits, and other employment terms with employers.

Productivity Increases

Improvements in the efficiency of producing goods or services, leading to higher output from the same or lesser inputs.

Labor Force

The total number of people, including both the employed and unemployed, who are actively looking for work in an economy.

National Income

The total amount of money earned within a country from the production of goods and services over a specific period, typically one year.