Neoliberalism Entails All of the Following Except

question 15

Multiple Choice

Neoliberalism entails all of the following except

• A)the view that government should not regulate private enterprise and market forces.
• B)striving to cut government expenses.
• C)the belief that property should be communally owned and that people should work for the common good.
• D)maximization of profits through cost reduction.
• E)tariff- and barrier-free international trade and investment.

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Definitions:

Wagner Act

A foundational piece of labor law in the United States, officially known as the National Labor Relations Act of 1935, which established the rights of employees to organize, engage in collective bargaining, and take collective action including striking.

Union Representation

The act or process whereby a labor union serves as an intermediary between employees and management, negotiating labor contracts and seeking to resolve disputes.

Majority Support

A situation where the majority of workers in a bargaining unit express support for union representation or a specific labor action.

Mainstream Economics

Traditional economic theories and models that are widely accepted and taught across universities and colleges.