The Philosophy That Is Based on Free, Independent Individuals Agreeing

question 70

Multiple Choice

The philosophy that is based on free, independent individuals agreeing to form a society and to give up a portion of their individual freedom to benefit the security of the group is generally known as:

• A) a social contract.
• B) communal well-being.
• C) the federalist philosophy.
• D) natural law.

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Definitions:

Economic Success

The achievement of financial prosperity, often measured in terms of income, wealth, and market share.

Industrialized Nations

Countries that are characterized by a high level of economic development, advanced technological infrastructure, and a significant industrial sector.

Oil-Producing Nations

Countries that have significant oil reserves and whose economies are heavily dependent on the exploration and exportation of oil.

World Bank

A global financial organization that offers loans and grants to lower-income nations' governments to help them undertake infrastructure projects.