Question

Based on the "Wage Earners in U.S. Families" graph, which of the following conclusions would a 1970s conservative most likely agree with?

a. Wage stagnation is a significant issue that needs immediate attention.

b. Government intervention in the economy has positively impacted wage growth.

c. Market forces should determine wages, and government involvement should be minimized.

d. Income inequality has decreased over the years due to progressive economic policies.

Answer 1

A 1970s conservative would most likely agree with option c. Market forces should determine wages, and government involvement should be minimized.

Step-by-step explanation:

Based on the graph "Wage Earners in U.S. Families," a 1970s conservative would most likely agree with option c. Market forces should determine wages, and government involvement should be minimized.

In the 1970s, conservatives generally supported free market principles and limited government intervention in the economy. They believed that wages should be determined by supply and demand in the labor market, without government interference. Therefore, a conservative would most likely argue against options a, b, and d, as they involve government intervention or progressive economic policies.