The Substance of Politics Is Inevitably Bound Up in the Struggle

question 5

Multiple Choice

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

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

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Definitions:

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in its price.

Productive Capacity

The maximum output a company or economy can produce with its current resources and technology, without causing inflation.

Labor Changes

Adjustments in the workforce, including alterations in the number of workers, the quality of labor, or employment conditions.

Unit Elastic

A demand or supply situation where the percentage change in quantity demanded or supplied is exactly equal to the percentage change in price.