The Substance of Politics Is Inevitably Bound Up in the Struggle

question 22

Multiple Choice

The substance of politics is inevitably bound up in the struggle between

• A) individual rights and collective responsibilities.
• B) equality of opportunities and equality of outcomes.
• C) liberty versus security.
• D) individual freedom and collective equality.

---

Definitions:

Francs

A former unit of currency in France and other countries, replaced by the Euro in many instances.

Utility Function

An equation that assigns numerical values to different combinations of goods and services, capturing the level of satisfaction or preference that an individual derives from these combinations.

Paasche Price Index

An economic measure that calculates the change in the level of prices of a basket of goods and services purchased in the current period, compared to a base period, using the quantities bought in the current period.

Laspeyres Price Index

An economic measure that calculates the change in the cost of acquiring a fixed basket of goods and services, based on the prices of those goods and services in a base period.