GOVT 350 (GOVT 350)

What is the nature of protectionism? - Answer Protectionist policies lead to tariffs and trade barriers. Protectionism operates under the economic fallacy of looking at only one side of the issue and fails to consider long-term consequences. What is meant by the statement "Do not confuse policy intentions with policy consequences"? - Answer Just because a policy is formed and established with good intentions does not mean the consequences of that policy will also be good and...

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3 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What is the nature of progressivism? - Answer A small elite class of intellectuals who consider themselves equipped with the expertise of planning all of life, including the economy. They claim to have good intentions but simply need to be armed with political power What was the role of Woodrow Wilson pertaining to the rise of the Administrative State and an expansive National Government? - Answer WW facilitated public policy and regulations through a vast administrative state and...

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4 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What represents the dynamics of the free market system? - Answer Competition resulting in production (the fruit of labor), and voluntary exchange Be able to discuss two consequences of competition - Answer Raises quality of products and overcomes scarcity What is the relationship between competition and scarcity? - Answer Competition is a consequence of economic scarcity. Competition exists when people want something which is not readily available. Increases occur on the ...

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4 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

Explain Herbert Schlossberg's Thesis stated in his Introduction: "Idolatry is a Framework for Understanding history." - Answer -Idolatry is the main theme/framework in the world today. BWVW that once prevailed has fallen away. Other worldviews that differ from the BWVW are quantitatively oriented and deterministic. In place of these analogies, or worldviews is the biblical explanation of the end of societies uses the concept of judgement. It depicts them as either having submitted...

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4 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What is a biblical view of equality? - Answer a. There is equality in the eternal sense (axiological question) b. Equality of Salvation or standing before God c. Equal value as to our fundamental essence d. Each person is precious in and of himself What is the relationship between the Christian principle of individuality and the acquisition of external property? In other words, why do differences in the acquisition of external property exist apart from a civil policy of wealth redist...

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4 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What are the consequences of egalitarian policies? - Answer Greater levels of civil intrusion to compensate the "disadvantaged" in the name of "fairness is required. It causes the Absolutizing of Equality in every dimension, or social, economic, and political leveling. In the words of Friedman, egalitarian policies puts equality—in the sense of equality of outcome—ahead of freedom will end up with neither equality nor freedom. Egalitarian policies uses force to achieve equalit...

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3 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What was the significance of FDR's Brain Trust? - Answer This group devised measures to implement that became New Deal policies. Members were primarily academics from universities. What is meant by the term 'New Deal' under FDR? - Answer Policies enacted under FDR that created active intervention from a strong central government. What does the phrase 'cradle to grave' mean? - Answer Individuals are dependent on government support for their entire lives. ...

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6 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

What represents the dynamics of the free market system? - Answer Energy and vitality represents the dynamics of competition in a free market. A free market also requires voluntary exchange, through which millions cooperate What represents the economic motivation of the free market system? - Answer The Nature of the Profit Motive: Incentive to Produce Competition is in contrast and conflict with what other approach to the creation of goods and services in the market? - Answer ...

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5 pages

Written in 2025/2026

Grade A+

COCOSOLUTIONS

This document includes all discussion Boards for GOVT 350 at Liberty university. Every post meets both the word count and source count requirements and citations are included in the doc. Every post received an A and some replies are included.

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4 pages

Written in 2021/2022

Grade A

abbeycogdell

Question 20 Selected Answer: When companies become more bureaucratic, top-heavy, slower to react to change, and generally inefficient as they grow larger, we call this diseconomies of scale. Question 21 Selected Answer: When countries specialize in the kinds of goods and services in which it has a comparative advantage, this means that they gain from doing what they do best relative to other nations. Question 22 Selected Answer: When costs of a production or consumption decision ar...

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11 pages

Written in 2020/2021

Grade A+

Kingamor