Resource Price Differentials That Do Not Trigger the Reallocation of Resources

question 59

Multiple Choice

Resource price differentials that do not trigger the reallocation of resources are known as

• A)temporary differentials
• B)market differentials
• C)conditional differentials
• D)permanent differentials
• E)sustainable differentials

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Definitions:

Neoliberal Economic Theories

A set of economic policies that emphasize free-market capitalism, deregulation, and a reduction in government spending.

Minimal Welfare

A social welfare system that provides only the most basic level of support to individuals who are unable to support themselves.

Neoliberal State

A type of government that strongly favors free-market capitalism, minimal government intervention in the economy, and reduction in social spending.

Authoritarianism

A political system characterized by a concentration of power in a leader or an elite not constitutionally responsible to the populace.