Which of the following statements best describes how Americans currently feel about laissez-faire capitalism?
A) Americans strongly support capitalism and economic liberty and reject all restrictions on economic freedom.
B) Americans strongly support capitalism and economic liberty but also endorse policies that are designed to guarantee economic equality among all citizens.
C) Americans strongly support capitalism and economic liberty but also endorse some restrictions on economic freedoms to protect the public.
D) Americans strongly oppose capitalism and economic liberty and endorse policies that are designed to guarantee economic equality among all citizens.
E) Americans strongly oppose capitalism and economic liberty and endorse some restrictions on economic freedoms to protect the public.

Question

Quizplus · Accepted Answer

While Americans generally support capitalism and economic liberty, there is also recognition of the need for government intervention in certain areas to protect consumers and ensure fair competition. This has led to endorsements of some restrictions on economic freedoms, such as antitrust laws, consumer protection regulations, and minimum wage laws. However, there is not widespread support for policies that guarantee economic equality among all citizens, meaning options B and D can be ruled out. Option A is also not entirely accurate as there is acknowledgement of the need for some restrictions on economic freedom. Option E is the complete opposite of Americans' current attitudes towards capitalism and economic liberty.

Which of the Following Statements Best Describes How Americans Currently