Some Say That the Core of Liberalism Is Its Commitment

question 104

Essay

Some say that the core of liberalism is its commitment to equality of opportunity in a competitive society. Do you agree? Explain your position and also indicate why equal opportunity is so troublesome for liberals today.

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, aimed at preventing prices from becoming too high.

Rent Control Program

Government policies that limit the amount landlords can charge for rent to make housing more affordable for tenants.

Agricultural Commodities

Products derived from farming or the cultivation of land such as grains, vegetables, fruits, and livestock.

Supply Elasticities

Measures of how responsive the quantity supplied of a good is to a change in its price.