Which of the following statements is least likely to apply to economic or social liberals? they prefer a smaller role for government in upholding social and cultural traditions. they favor more government spending for the poor. they favor government activism in the area of distribution of economic benefits. they believe that government should be used to promote traditional values. they believe lifestyle choices should be left to the individual.

The most improbable choice of a statement with economic or social liberals is They prefer a smaller role for the government in upholding social and cultural traditions.

The economic system is a way used by a country to solve or face problems in the economic field. Each country has a different economic system, depending on the situation and conditions that are happening in the country.

The economic system has several functions, including the following:

The economic system consists of several types, as follows:

Traditional Economic System

A system in the organization of economic life based on habits, traditions of society for generations that rely on factors of production as is. The advantage of the traditional economic system is the spirit of kinship and honesty of each individual in meeting their needs.

Centralized Economic System

A centralized economic system is an economic system in which the government has dominant power in regulating economic activity. Mastery is carried out through restrictions on economic activities undertaken by community members.

Liberal Economic System

The economic system is based on the widest possible freedom for all people in economic activity without interference from the government. The basis of this economic system is generally aimed at seeking personal gain without the presence of other parties that need to be considered.

Mixed Economic System

The mixed economic system is an economic system, on the one hand, the government gives freedom to the community to try to do economic activities, but on the other hand, the government has the right to participate in the economy to avoid economic control of certain groups of people.

Learn more

Economic system ,

Details

Class: College

Subject: Bussines

Keywords: Liberal economic system, social-economic system.

answer assertive;