Question 1

Reform liberals are in favour of equality of opportunity.What does this mean?

Accepted Answer

A)  They propose to reduce economic and social differences. 
B)  They want everyone to have the same income. 
C)  They want everyone to receive the same benefits. 
D)  They advocate nationalization of some businesses. 
A)  They propose to reduce economic and social differences. 
B)  They want everyone to have the same income. 
C)  They want everyone to receive the same benefits. 
D)  They advocate nationalization of some businesses.

Question 2

Which statement best describes limited government?

Accepted Answer

A)  The state serves the interests of particular groups. 
B)  The state is an instrument serving a particular function in society. 
C)  The state is owned by the people through election. 
D)  The state is controlled by the bureaucracy. 
A)  The state serves the interests of particular groups. 
B)  The state is an instrument serving a particular function in society. 
C)  The state is owned by the people through election. 
D)  The state is controlled by the bureaucracy.

Question 3

Fiscal policy refers to government spending,while monetary policy refers to control over interest rates and money supply.

Accepted Answer

A) True 
 B)False

Question 4

Who is generally believed to have launched the welfare state in Canada?

Accepted Answer

A)  William Lyon Mackenzie King 
B)  Pierre Elliot Trudeau 
C)  Lester B. Pearson 
D)  John A. MacDonald 
A)  William Lyon Mackenzie King 
B)  Pierre Elliot Trudeau 
C)  Lester B. Pearson 
D)  John A. MacDonald

Question 5

Are the ideas of J.M.Keynes relevant today?

Accepted Answer

The ideas of John Maynard Keynes, a Brit

Question 6

Explain the significance of the Glorious Revolution,the French Revolution,and the American Declaration of Independence in the development of the liberal ideology.

Accepted Answer

The Glorious Revolution, the French Revo

Question 7

Which of the following have classical liberals historically supported?

Accepted Answer

A)  slavery 
B)  noble privilege 
C)  religious discrimination 
D)  limited voting rights 
A)  slavery 
B)  noble privilege 
C)  religious discrimination 
D)  limited voting rights

Question 8

Which statement best describes a progressive tax?

Accepted Answer

A)  The amount of tax rises equally as the income rises. 
B)  The rate of tax rises as the income rises. 
C)  The more goods and services you purchase, the more you pay. 
D)  The rate of tax is the same for all payers. 
A)  The amount of tax rises equally as the income rises. 
B)  The rate of tax rises as the income rises. 
C)  The more goods and services you purchase, the more you pay. 
D)  The rate of tax is the same for all payers.

Question 9

Which is the underlying assumption behind the implementation of the welfare state?

Accepted Answer

A)  The state is the only body with enough power to regulate the economy 
B)  People will be the most free when the state provides all of their basic necessities. 
C)  Individual freedom will be limited if people cannot provide for themselves. 
D)  Individuals will not pay for services like healthcare and police protection 
A)  The state is the only body with enough power to regulate the economy 
B)  People will be the most free when the state provides all of their basic necessities. 
C)  Individual freedom will be limited if people cannot provide for themselves. 
D)  Individuals will not pay for services like healthcare and police protection

Question 10

Which of the following beliefs do classical and reform liberals share?

Accepted Answer

A)  personal freedom should be at the heart of any society 
B)  the poor should not be taxed 
C)  the state should be involved in helping citizens achieve their goals 
D)  the government has a responsibility to ensure equality of condition 
A)  personal freedom should be at the heart of any society 
B)  the poor should not be taxed 
C)  the state should be involved in helping citizens achieve their goals 
D)  the government has a responsibility to ensure equality of condition

Question 11

The role of the state in a classical liberal perspective is to remove itself from economic affairs.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following writers called himself a liberal?

Accepted Answer

A)  John Locke 
B)  David Hume 
C)  John Stuart Mill 
D)  Adam Smith 
A)  John Locke 
B)  David Hume 
C)  John Stuart Mill 
D)  Adam Smith

Question 13

Which statement best describes the opinion of classical liberals towards public goods?

Accepted Answer

A)  They are unnecessary and should not be provided by the state. 
B)  Their provision should be limited to the most necessary goods. 
C)  They are essential and should be fully provided by the state. 
D)  They are necessary for the emergence of spontaneous order. 
A)  They are unnecessary and should not be provided by the state. 
B)  Their provision should be limited to the most necessary goods. 
C)  They are essential and should be fully provided by the state. 
D)  They are necessary for the emergence of spontaneous order.

Question 14

According to reform liberalism,what are the problems with laissez-faire economics? How would a reform liberal propose to solve these problems?

Accepted Answer

Reform liberalism identifies several pro

Question 15

What is the most fundamental assumption of the laissez-faire economy?

Accepted Answer

A)  some sort of class distinction in society is inevitable 
B)  individuals are capable of making decisions that will not destroy society 
C)  the state has no experience with the economy 
D)  the fluctuations in the economy are planned 
A)  some sort of class distinction in society is inevitable 
B)  individuals are capable of making decisions that will not destroy society 
C)  the state has no experience with the economy 
D)  the fluctuations in the economy are planned

Question 16

What does the concept of laissez-faire mean for liberal political economists?

Accepted Answer

A)  The state shall not interfere with the running of the economy. 
B)  The monarchy shall be limited in its land holdings. 
C)  The Parliament owns all of the rights to land. 
D)  Individual self-worth is greater than the commonwealth. 
A)  The state shall not interfere with the running of the economy. 
B)  The monarchy shall be limited in its land holdings. 
C)  The Parliament owns all of the rights to land. 
D)  Individual self-worth is greater than the commonwealth.

Question 17

What is tax evasion a good example of?

Accepted Answer

A)  a collective good 
B)  a form of protest 
C)  free riding 
D)  a form of government coercion 
A)  a collective good 
B)  a form of protest 
C)  free riding 
D)  a form of government coercion

Question 18

J.M.Keynes argued that government should intervene in an economic recession by applying appropriate fiscal and monetary measures,such as ensuring full employment and stimulating business activity by running deficits.

Accepted Answer

A) True 
 B)False

Question 19

Reform liberalism has been called modern ___________ liberalism,and classical liberalism has been called ___________ liberalism.

Accepted Answer

democratic

Question 20

Reform liberals are concerned with social justice.What does this necessarily entail?

Accepted Answer

A)  equality for all 
B)  proportional taxation 
C)  protection of property 
D)  progressive taxation 
A)  equality for all 
B)  proportional taxation 
C)  protection of property 
D)  progressive taxation

Exam 10: Liberalism

Reform liberals are in favour of equality of opportunity.What does this mean?

Which statement best describes limited government?

Fiscal policy refers to government spending,while monetary policy refers to control over interest rates and money supply.

Who is generally believed to have launched the welfare state in Canada?

Are the ideas of J.M.Keynes relevant today?

Explain the significance of the Glorious Revolution,the French Revolution,and the American Declaration of Independence in the development of the liberal ideology.

Which of the following have classical liberals historically supported?

Which statement best describes a progressive tax?

Which is the underlying assumption behind the implementation of the welfare state?

Which of the following beliefs do classical and reform liberals share?

The role of the state in a classical liberal perspective is to remove itself from economic affairs.

Which of the following writers called himself a liberal?

Which statement best describes the opinion of classical liberals towards public goods?

According to reform liberalism,what are the problems with laissez-faire economics? How would a reform liberal propose to solve these problems?

What is the most fundamental assumption of the laissez-faire economy?

What does the concept of laissez-faire mean for liberal political economists?

What is tax evasion a good example of?

J.M.Keynes argued that government should intervene in an economic recession by applying appropriate fiscal and monetary measures,such as ensuring full employment and stimulating business activity by running deficits.

Reform liberalism has been called modern ___________ liberalism,and classical liberalism has been called ___________ liberalism.

Reform liberals are concerned with social justice.What does this necessarily entail?

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Ideology

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Reform liberalism has been called modern _ liberalism,and classical liberalism has been called _ liberalism.