Which of the following statements best summarizes the Democratic and Republican parties' views on the appropriate role of government in the economy?
A) Republicans tend to draw on the ideas of laissez-faire economics as they argue for significant reductions in nonmilitary spending; Democrats stress the importance of government regulation in promoting a strong economy.
B) Democrats tend to draw on the ideas of laissez-faire economics as they argue for significant reductions in nonmilitary spending; Republicans stress the importance of government regulation in promoting a strong economy.
C) Both the Democratic and Republican parties believe in government ownership of key industries.
D) Both the Democratic and Republican parties believe strongly in the ideas of laissez-faire economics and would like to keep the government out of the economy altogether.
Correct Answer:
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