Which of the following is not offered as evidence in a Liberal justification for
ID: 351099 • Letter: W
Question
Which of the following is not offered as evidence in a Liberal justification for more government intervention and why?
The size and complexity of industry.
Chronic high levels of unemployment.
The undesirability of production for profit.
Environmental degradation.
The decreasing competitiveness of the United States.
Which tax policy would radicals not favor and why?
Exemption from taxes for those earning less than $25,000 per year.
Flat tax on all stock market transactions.
Lowering the capital gains tax.
Punitive inheritance taxes.
More progressive payroll taxes.
Liberals concede that the rise in income inequality was due to all except
technological unemployment.
foreign competition.
lower rates of unionization.
None of the above.
All of the above.
Explanation / Answer
Which of the following is not offered as evidence in a Liberal justification for more government intervention and why?
Answer: The undesirability of production for profit
Liberals do not have any problem with profits or the capitalistic model. They espouse the ideas of liberty and equality. Size and complexity of industry may make it less transparent and unmanageable. Chronic high levels of unemployment may lead many to go below the poverty line. Environmental degradation again affects poor the most. The decreasing competitiveness of the United States brings down the purchasing power of its citizens which brings down the quality of life.
Which tax policy would radicals not favor and why?
Answer: Lowering the capital gains tax.
Radicals believe in complete political and social reform. Reforms can be achieved by having a rational tax and not by lowering the tax.
Liberals concede that the rise in income inequality was due to all except
Answer: None of the above
Liberals believe that all the given factors of technological unemployment, foreign competition and lower rates of unionization cause rise in income inequality
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