Question

assignment five review

1. a person who favours a system based on individualism would most likely believe in the principles of

a. initiative, equality, and incentive
b. profit, self - interest, and cooperation
c. competition, group security, and profit
d. self - interest, competition, and rule of law

1. the government of a nation could best promote self - interest and individualism by

a. removing the right of people to own private property
b. passing laws to gain more control over economic decisions
c. giving tax breaks to people who try to start new businesses
d. taking over ownership of profitable and successful corporations
use this editorial comment to answer the next question.
by all means, the government should encourage people to freely pursue their personal interests and goals. it must be remembered, though, that the only way such as system can work is if the people do not use this freedom in such selfish ways that some end up suffering due to other’s greed.

1. the author of the editorial is arguing that individual freedom is a good thing as long as

a. governments tell people what to do with their freedom
b. some people are not allowed as much freedom as others
c. governments are restricted since they take away people’s freedom
d. every person shows responsibility and concern for the needs of others

1. ideology plays an important role in any economic and political system because it provides a

a. guideline for assessing government taxation policies
b. series of specific policies to be followed by government leaders
c. set of beliefs and attitudes about what should be accomplished in society
d. system of central planning measures to be used in organizing the economy

Explanation:

1. Individualism emphasizes self - interest, competition, and the rule of law to protect individual rights.
2. Tax breaks for new business starters promote self - interest and individualism by encouraging individual initiative.
3. The editorial states that individual freedom is good as long as people don't act selfishly, meaning they should show concern for others.
4. Ideology is a set of beliefs and attitudes about societal goals.

Answer:

1. d. self - interest, competition, and rule of law
2. c. giving tax breaks to people who try to start new businesses
3. d. every person shows responsibility and concern for the needs of others
4. c. set of beliefs and attitudes about what should be accomplished in society