Neoliberalism Argues That ______

question 4

Multiple Choice

Neoliberalism argues that ______.

• A) there are stages of growth for each society, and that poor countries should replicate rich countries' path of development
• B) rich countries got rich at the expense of poor countries, and that the international economy structurally favors rich countries
• C) growth occurs if and when the state plays an active role in investment and innovation to build the competitiveness of national industries
• D) poor countries can develop quickly and efficiently by focusing on competition and commodification in all parts of life

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Definitions:

Impoverished Populations

Communities that suffer from a lack of resources and economic instability, often leading to poor living conditions.

Goods and Services

The two primary categories of offerings in the economy; goods are tangible items, while services are activities or benefits offered for consumption.

Tariffs

Taxes imposed on imported goods and services, which can affect trade dynamics, pricing, and availability of products in a domestic market.

Domestic Producers

Companies that manufacture or produce goods and services within their home country, often contrasted with those producing or outsourcing overseas.