Chapter 2

Question 0

Rule of law

Answer 0

Everyone is equal, everyone goes by the same law, no one is superior than the law.

Question 1

Private property

Answer 1

Ideas, lands, personal belonging

Question 2

Individuals rights and freedoms

Answer 2

Freedom of speech, freedom of religion etc

Question 3

Competition

Answer 3

Mcdicks vs. Burger King

Timmies vs. starbucks

Question 4

Economic freedom

Answer 4

Allowed to do anything you want with your own money

Question 5

Self interest

Answer 5

Doing what’s best for you based on money

Question 6

Classical liberalism

Answer 6

Individualism, they go by “PRICES”. Very right of the spectrum, only concerned about themselves.

Question 7

Adam Smith

Answer 7

(Capitalist) believes people make choices based on money

Question 8

Modern liberalism

Answer 8

Goes by the rule of prices but sometimes will borrow from peaccc. (Right in the middle of the spectrum).

Question 9

Social contract

Answer 9

Agreement between people and government to provide security.

Question 10

Capitalism

Answer 10

Motivated by money

Question 11

Liberal democracy

Answer 11

Right and freedoms of the individual.

Question 12

Liberalism

Answer 12

PRICES

Question 13

Individual right and freedoms

Answer 13

Personal liberty. Example freedom of religion and of association.

Question 14

Fundamental right

Answer 14

All human beings have the rights of life, liberty and security