Philosophers and Theorists
Name the economic Theorist who believed the markets do best when left to themselves? Bonus points if you can name his book and theory
Adam Smith, Wealth of Nations and the Invisible Hand Theory
Name the two reasons government impose Liberalism?
National Interest and Humanitarian
What are two other things we can call Supply Side Economics?
Reagonomics, Thatcherism, Trickle Down Economics
What electoral system is currently in place in Canada?
First Past The Post
In the graph provided which party benefitted the most from First Past The Post? Which party would benefit the most from a switch to Rep by Pop?
Liberals
NDP
Which Theorist believed that governments exist only to uphold Rights and Freedoms of their citizens?
John Locke
When a Liberal government does things that go against their values to citizens in their country or others abroad they are taking what type of action?
illiberal
Who first proposed the idea of Demand Side Economics?
John Keynes
Name one criticism and one benefit of the First Past The Post System
Wasted votes, majority government
According to this chart who form government?
Is it a majority or minority?
Liberal Majority
Which theorist believed that government must be separated into branches? Otherwise known as division of power?
Montesquieu
The doctrine of using military force to protect you values domestically or internationally is associated with what ideology?
Neo-conservatism
Name the 3 different questions that must be solved by the economy?
1. What to produce?
2. Who produces it?
3. To who will they be distributed to?
What is the alternative system to First Past the Post?
If the system changed to rep by pop who would the ruling government change at all?
Yes to a minority
Which theorist believed that government should protect citizens from harm by others?
J.S. Mills
Name two different conflicts where Liberal Democracies imposed Liberalism on others and what their intention were.
War on Terrorism :National Interest and to instill democratic principles (Afghanistan)
War in Iraq: National Interest
Canada and the Indigenous Peoples.
Name two other names for Demand Side Economics?
Keynesian, Welfare Capitalism
Name one benefit and one drawback of Representation by population
No regional representation, no wasted votes
Name the principles of Collectivism
Collective Responsibility, Collective Interest, Cooperation, Economic Equality, Adherence to Collective Norms, Public Property
Which Theorist believed that the government must have written consent of the masses to govern and be held accountable to that, by a constitution or otherwise? Sometimes also know for his "Social Contract" theory
J.J Rousseau
Explain the impact of the White Paper and Red Paper
The White paper was an attempt by the Canadian Government to end distinctions for the First Nations people of Canada. Such as abolishing Treaty Rights.
The Red paper was the response from indigenous groups in which it was argued that these must be upheld
Explain progressive taxation
The more you make, the more you pay. This help offset the cost of social programs and other government interventions
What is the difference between direct and representative democracy? Name a benefit and a drawback of each.
Direct: citizens vote on all issues, most accurate representation of the will of the people, but leads to voter apathy
Representative: more efficient, regional representation, but sometimes your representative doesnt hold your values etc
Name the principles of Individualism
Individual Rights and Freedoms, Rule of Law, Economic Freedom, Private Property, Self Interest, Competition