Which of the Following Statements Best Summarizes the Democratic and Republican

question 7

Multiple Choice

Which of the following statements best summarizes the Democratic and Republican parties' views on the appropriate role of government in the economy?

• A)Republicans tend to draw on the ideas of laissez-faire economics as they argue for significant reductions in nonmilitary spending; Democrats stress the importance of government regulation in promoting a strong economy.
• B)Democrats tend to draw on the ideas of laissez-faire economics as they argue for significant reductions in nonmilitary spending; Republicans stress the importance of government regulation in promoting a strong economy.
• C)Both the Democratic and Republican parties believe in government ownership of key industries.
• D)Both the Democratic and Republican parties believe strongly in the ideas of laissez-faire economics and would like to keep the government out of the economy altogether.