This Economic Policy Emphasizes Privatization,export Production,and Limited Restrictions on Imports

question 28

Multiple Choice

This economic policy emphasizes privatization,export production,and limited restrictions on imports.

• A)neoliberalism
• B)dependency theory
• C)modernization theory
• D)neocolonialism
• E)Marxism

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Definitions:

Monopolistic Competition

A market structure characterized by many competitors selling products that are substitutes but differentiated from one another by branding or quality.

Entry Barriers

Conditions that prevent new competitors from easily entering an industry or area of business.

Large Number

A subjective term indicating a quantity significantly above what is considered average or standard.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and product differentiation.