Which System of Government Generally Permits Some Individual Economic Freedom

question 49

Multiple Choice

Which system of government generally permits some individual economic freedom but restricts individual political freedom, frequently on the grounds that it would lead to the rise of communism?

• A) tribal totalitarianism
• B) right-wing totalitarianism
• C) democratic totalitarianism
• D) theocratic totalitarianism

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Definitions:

Principal-Agent Problem

A conflict in priorities between a person or group (the agent) making decisions on behalf of another person or group (the principal).

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services.

Corporate Jet

A private aircraft owned or leased by a company for the transportation of its executives, employees, or clients.

Automobile Manufacturer

A company that engages in the design, production, marketing, and selling of motor vehicles.