The Financial Crisis of the 1970s Led to the Introduction

question 67

Multiple Choice

The financial crisis of the 1970s led to the introduction of which new economic model?

• A) Socialism
• B) Neocolonialism
• C) Conservatism
• D) Neoliberalism
• E) Capitalism

---

Definitions:

Prices

The amount of money required to purchase a good, service, or asset.

Oligopolies

Market structures characterized by a small number of firms dominating the market, often leading to limited competition.

Horizontal Demand Curve

Represents a situation in which the demand for a product is perfectly elastic, indicating that consumers are willing to purchase any quantity of the product at a specific price.

Differentiated Product

A product that is distinguished from similar products in the market by unique characteristics or features, often leading to brand loyalty.