Neoliberalism Is a New Form of the Old Economic Liberalism

question 2

Multiple Choice

Neoliberalism is a new form of the old economic liberalism laid out in Adam Smith's The Wealth of Nations (1776) .To Smith,economic liberalism encouraged free enterprise and competition,with the goal of generating profits.However,this meaning of liberal

• A) is a Protestant ideology.
• B) varies depending on whether it refers to politics in a Western or non-Western context.
• C) has no implications for the relationship between economics and the state.
• D) is a more accurate use of the term than the one Americans typically hear in current talk radio.
• E) is different from the one typically used in current U.S. politics, in which liberal is the opposite of conservative.

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Definitions:

Psychological Language

The specialized vocabulary and terminology used in the field of psychology to describe mental processes, behaviors, and conditions.

Critical Thinkers

Individuals who engage in the process of logically analyzing and evaluating an issue or idea to reach a well-justified conclusion.

Flaws in Arguments

Logical fallacies or errors in reasoning that undermine the validity of an argument.

Critical Thinkers

Individuals who actively engage in analysis, synthesis, evaluation, and reconstruction of information or beliefs, in a structured manner.