Neoliberalism Can Be Defined as ________

question 75

Multiple Choice

Neoliberalism can be defined as ________.

• A) economic policies that support the shift of control of economic factors from the public sector to the private sector
• B) economic policies that increase funding for liberal social programs to alleviate poverty
• C) a political movement that seeks to remove government control from local regions
• D) economic policies that seek to tighten control of social spending by increasing public sector control
• E) a political ideology that seeks only minimal state intervention in civic life

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Definitions:

Merchants

Businesses or individuals engaged in the trading of goods, services, or commodities for profit.

Reasonable Commercial Standards

A set of accepted, practical criteria that guide business conduct and transactions within a particular industry.

Good Faith

A principle that denotes honesty, fairness, and sincerity in the intentions and actions of parties involved in an agreement or transaction, without the intention to deceive or defraud.

Non-merchants

Individuals or entities engaged in transactions who do not regularly deal in goods of the kind sold, thus not considered a merchant under the Uniform Commercial Code.