Ideologies
These people believed that the average worker deserved better working conditions and advocated to the end of poor working conditions.
What is John Maynard Keynes' economics idea name?
What is Demand Side Economics.
The citizens of a country vote goes towards the issue itself.
What is direct democracy.
What type of authoritarian government did Stalin lead?
What is a military dictatorship.
What does the Laissez-faire capitalism entail?
What is a hands off government where self interest and individual freedom determine how the country is run.
What was Thomas Hobbes' highest priority?
What is the security of the people/civilians.
What is an inflation and recession within an economy called?
What is a stagflation.
This principle states that no one is above the law, regardless of the fame, economic, or political power one may have.
What is the Rule of Law
This technique of authoritarianism corrupts the education system to the youth to create a certain set of beliefs for the future of the country.
What is indoctrination.
How does liberalism translate to the economy?
What is a free market economy where there is limited government intervention. Self interest drives the economy.
John Locke and Thomas Hobbes had different opinions over this.
What is the freedom of individuals. John Locke wanted individuals to make their own decisions with the government there to protect their freedoms and rights where Thomas Hobbes believed individuals are selfish and aggressive which can only be controlled through a large amount of government control.
What are the 5 points in the business cycle called?
What is: A. Recession, B. Trough of the recession, C. Prosperity, D. Depression, E. Recovery
Canada's democracy system is called a(n), while the United States' democracy system is called a(n).
What is a parliamentary government and presidential government.
A one party system ensures there are no opposition to the government in power which translates to ultimate rule for the government. Stalin and Hitler achieved the one party system in a similar way, they had a private police force to kill or imprison any opposition parties.
What are the two freedom types and what are the differences between the two?
What is negative and positive freedom. Negative freedom is the raw form of freedom, an individual is free to do anything without any government intervention. Positive freedom creates conditions such education to assist in making individuals free.
This individual believed that the government should only help those in need, otherwise only interfere in business when an individual is harming another individual (Harm Principle).
Who is John Stuart Mill.
What are the 3 economic questions and how are they answered based on a command and market economy?
What is: 1. What will be produced? 2. How will the goods/services be produced? 3. Who gets the goods/services? Command government - The government decides all of the questions. Market Economy - Individuals and private businesses decide the questions.
This body of electors determine who the President of the United States will be.
What is the Electoral College.
Why would civilians of a country want an authoritarian government?
An authoritarian government provides stability in an economy and equality between people (other than the government). At the very least, everyone has their basic needs taken care of and these people also will be provided jobs from the government.
What was Adam Smiths concept called that related to self interest?
What is the invisible hand. The theory that individuals and their self interest will guide people that will contribute to the overall common good for society.