Question

In the U.S. political arena, ______________________ may tend to emphasize the virtues of markets and the limitations of government, while _____________ may tend to emphasize the shortcomings of markets and the need for government programs.

Answer 1

Answer:

The correct answer is letter "A": conservatives; liberals.

Explanation:

Two main approaches define how societies could achieve economic and political prosperity. Conservatives are in favor of little government intervention since individuals must be empowered to take responsibility for their own wellness. They are in favor of market economies -price driven by supply and demand.

Liberals, on the other hand, propose the government must intervene to ensure individuals have equal opportunities. Liberals prefer mixed economies which are mixtures of market economies and command economies -the government is the central planner.