Question 1

Which principle is the liberal concept of equality of right consistent with?

Accepted Answer

A)  equality of property 
B)  equality of result 
C)  rule of law 
D)  equality of condition 
A)  equality of property 
B)  equality of result 
C)  rule of law 
D)  equality of condition

Question 2

Which of the following would a classical liberal be certain to favour?

Accepted Answer

A)  universal suffrage 
B)  progressive taxation 
C)  rule of law 
D)  equality of opportunity 
A)  universal suffrage 
B)  progressive taxation 
C)  rule of law 
D)  equality of opportunity

Question 3

Which document incorporates John Locke's ideas?

Accepted Answer

A)  the Leviathan 
B)  the French Declaration of the Rights of Man and of the Citizen 
C)  the American Declaration of Independence 
D)  the British North America Act 
A)  the Leviathan 
B)  the French Declaration of the Rights of Man and of the Citizen 
C)  the American Declaration of Independence 
D)  the British North America Act

Question 4

Which of the following most closely resembles democratic socialism?

Accepted Answer

A)  nationalism 
B)  classical liberalism 
C)  reform liberalism 
D)  communism 
A)  nationalism 
B)  classical liberalism 
C)  reform liberalism 
D)  communism

Question 5

Classical liberals see the role of government as a night watchman.What does this mean?

Accepted Answer

A)  The state should be involved in the economy, not in the military. 
B)  The state should be involved in the economy and the military, but not in the judicial process. 
C)  The state should not be concerned with property protection. 
D)  The state should not be involved in society to any large degree and therefore should be limited. 
E)  The state should intervene to promote equality of opportunity. 
A)  The state should be involved in the economy, not in the military. 
B)  The state should be involved in the economy and the military, but not in the judicial process. 
C)  The state should not be concerned with property protection. 
D)  The state should not be involved in society to any large degree and therefore should be limited. 
E)  The state should intervene to promote equality of opportunity.

Question 6

The government offers students in need of financial assistance low-interest loans to finance their education.What type of policy is this an example of?

Accepted Answer

A)  a policy based on the ideas of a laissez-faire economy 
B)  a policy that illustrates the idea of equality of opportunity 
C)  a policy based on a belief in spontaneous order 
D)  a policy that illustrates the idea of equality of condition 
A)  a policy based on the ideas of a laissez-faire economy 
B)  a policy that illustrates the idea of equality of opportunity 
C)  a policy based on a belief in spontaneous order 
D)  a policy that illustrates the idea of equality of condition

Question 7

Which of the following would a reform liberal probably LEAST favour?

Accepted Answer

A)  extending voting rights to prisoners 
B)  giving tax breaks to single mothers 
C)  regulating prices for staple foods like milk and bread 
D)  creating private competition in the healthcare field to ensure the best quality care 
A)  extending voting rights to prisoners 
B)  giving tax breaks to single mothers 
C)  regulating prices for staple foods like milk and bread 
D)  creating private competition in the healthcare field to ensure the best quality care

Question 8

Which of the following was supported by reform liberals in the nineteenth century?

Accepted Answer

A)  extension of the property franchise 
B)  extension of deregulation 
C)  extension of the franchise 
D)  extension of negative freedom 
A)  extension of the property franchise 
B)  extension of deregulation 
C)  extension of the franchise 
D)  extension of negative freedom

Question 9

Which term did Adam Smith's The Wealth of Nations first popularized?

Accepted Answer

A)  the invisible hand 
B)  laissez-faire 
C)  classical liberalism 
D)  spontaneous order 
A)  the invisible hand 
B)  laissez-faire 
C)  classical liberalism 
D)  spontaneous order

Question 10

Classical liberals in the nineteenth century favoured a ____________ franchise,which required that citizens own a stipulated amount of ____________ before receiving the right to ____________.

Accepted Answer

property;

Question 11

Which of the following scenarios would Adam Smith use to support his arguments in The Wealth of Nations?

Accepted Answer

A)  A successful entrepreneur is able to employ fifty people. 
B)  The government owns and operates the only major national airline, employing hundreds of people. 
C)  Unemployment insurance allows people without jobs to support themselves. 
D)  The government gives money to a major auto company, saving it from bankruptcy. 
A)  A successful entrepreneur is able to employ fifty people. 
B)  The government owns and operates the only major national airline, employing hundreds of people. 
C)  Unemployment insurance allows people without jobs to support themselves. 
D)  The government gives money to a major auto company, saving it from bankruptcy.

Question 12

Adam Smith argued that government has a duty to build and maintain public works and public institutions that can never be for the interest or profit of individuals.

Accepted Answer

A) True 
 B)False

Question 13

Which event triggered the temporary revival of Keynesian economics?

Accepted Answer

A)  WWII 
B)  Great Recession (2008) 
C)  Great Depression 
D)  The election of Ronald Regan as US President 
A)  WWII 
B)  Great Recession (2008) 
C)  Great Depression 
D)  The election of Ronald Regan as US President

Question 14

John Stuart Mill has been called a pioneer of reform liberalism.What has led to this assessment?

Accepted Answer

A)  his conservative views 
B)  his socialist ideas 
C)  his democratic ideas 
D)  his advocacy of free trade 
A)  his conservative views 
B)  his socialist ideas 
C)  his democratic ideas 
D)  his advocacy of free trade

Question 15

Which of the following rights would be supported by reform liberals,but not necessarily by classic liberals?

Accepted Answer

A)  The right to believe any religion 
B)  The right to speak out against the government. 
C)  The right to shelter 
D)  The right to defend yourself in conflict. 
A)  The right to believe any religion 
B)  The right to speak out against the government. 
C)  The right to shelter 
D)  The right to defend yourself in conflict.

Question 16

Collective goods are not divisible among individuals.Therefore,which statement best characterizes them?

Accepted Answer

A)  They are easily stolen. 
B)  They are provided by the private sector. 
C)  They are easily taken advantage of by free riders. 
D)  They are expensive to pay for. 
A)  They are easily stolen. 
B)  They are provided by the private sector. 
C)  They are easily taken advantage of by free riders. 
D)  They are expensive to pay for.

Question 17

Which of the following is NOT one of the measures advocated by reform liberals in order to redress social inequalities?

Accepted Answer

A)  progressive taxation 
B)  public schools 
C)  proportional taxation 
D)  old age pensions 
A)  progressive taxation 
B)  public schools 
C)  proportional taxation 
D)  old age pensions

Question 18

What is the difference between "the invisible hand" and the practice of laissez-faire economics?

Accepted Answer

A)  There is no difference. 
B)  The invisible hand is a nationalist concept, whereas laissez-faire economics is a classical liberal concept. 
C)  The invisible hand is a reform liberal concept, whereas laissez-faire economics is a nationalist concept. 
D)  The invisible hand is a democratic socialist concept, whereas laissez-faire economics is a classical liberal concept. 
A)  There is no difference. 
B)  The invisible hand is a nationalist concept, whereas laissez-faire economics is a classical liberal concept. 
C)  The invisible hand is a reform liberal concept, whereas laissez-faire economics is a nationalist concept. 
D)  The invisible hand is a democratic socialist concept, whereas laissez-faire economics is a classical liberal concept.

Question 19

Which of the following do classical liberals strongly object to?

Accepted Answer

A)  coercive state redistribution 
B)  coercive state protection of property 
C)  coercive state privatization 
D)  coercive state enforcement of the rules of conduct 
A)  coercive state redistribution 
B)  coercive state protection of property 
C)  coercive state privatization 
D)  coercive state enforcement of the rules of conduct

Question 20

The classical liberal idea of government has been caricatured as the ____________ state,as merely the caretaker of society.

Accepted Answer

The answer of The classical liberal idea of government has...

Exam 10: Liberalism

Which principle is the liberal concept of equality of right consistent with?

Which of the following would a classical liberal be certain to favour?

Which document incorporates John Locke's ideas?

Which of the following most closely resembles democratic socialism?

Classical liberals see the role of government as a night watchman.What does this mean?

The government offers students in need of financial assistance low-interest loans to finance their education.What type of policy is this an example of?

Which of the following would a reform liberal probably LEAST favour?

Which of the following was supported by reform liberals in the nineteenth century?

Which term did Adam Smith's The Wealth of Nations first popularized?

Classical liberals in the nineteenth century favoured a ____________ franchise,which required that citizens own a stipulated amount of ____________ before receiving the right to ____________.

Which of the following scenarios would Adam Smith use to support his arguments in The Wealth of Nations?

Adam Smith argued that government has a duty to build and maintain public works and public institutions that can never be for the interest or profit of individuals.

Which event triggered the temporary revival of Keynesian economics?

John Stuart Mill has been called a pioneer of reform liberalism.What has led to this assessment?

Which of the following rights would be supported by reform liberals,but not necessarily by classic liberals?

Collective goods are not divisible among individuals.Therefore,which statement best characterizes them?

Which of the following is NOT one of the measures advocated by reform liberals in order to redress social inequalities?

What is the difference between "the invisible hand" and the practice of laissez-faire economics?

Which of the following do classical liberals strongly object to?

The classical liberal idea of government has been caricatured as the ____________ state,as merely the caretaker of society.

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