Asked by Kenneth Alviar on Apr 25, 2024
Verified
Which of the following groups believes that lower taxes will prompt greater economic growth that will ultimately benefit everyone, including the poor?
A) Liberals
B) Conservatives
C) Democrats
D) Anarchists
E) Moderates
Economic Growth
An increase in a country's production of goods and services over time, shown by a rise in its Gross Domestic Product (GDP).
- Discuss the role of political ideologies, including conservatism, liberalism, and libertarianism, in determining government policies.
Verified Answer
LG
Lorde GeorgeApr 29, 2024
Final Answer :
B
Explanation :
Conservatives generally believe in a laissez-faire approach to the economy, and that lowering taxes and reducing regulation will stimulate economic growth. They argue that growth will ultimately benefit everyone, including the poor, by creating more job opportunities and increasing overall prosperity.
Learning Objectives
- Discuss the role of political ideologies, including conservatism, liberalism, and libertarianism, in determining government policies.
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