Neoliberalism Asserts That

question 15

Multiple Choice

Neoliberalism asserts that

• A) economic development can occur only if accompanied by liberal social values,such as securing a woman's right to abortion and supporting same-sex marriage.
• B) free-market forces,achieved by eliminating governmental restrictions on business,provide the only route to economic growth.
• C) state involvement in the economy should be relatively high,even at times running entire industries.
• D) social democratic programs,such as generous welfare policies and free education provided by the state,are the bedrock of economic growth.

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Definitions:

Equity Accounts

Equity accounts represent the owner's value in a business, reflected through transactions like contributed capital and retained earnings.

Sinking Fund Bonds

Bonds that include a provision requiring the issuer to set aside funds regularly to repay the bond at maturity.

Principal

The primary amount of a loan or investment, excluding interest or profits.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified price.