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:

Medicare Tax

A federal tax that finances the Medicare program, split equally between employers and employees, based on a fixed percentage of an individual’s earnings.

Social Security

A government program that provides financial support to people who are retired, disabled, or survivors of deceased workers.

Medicare

A federal health insurance program in the United States for people aged 65 and over, or for those under 65 with certain disabilities or conditions.

Federal Income Tax

The charge imposed by the IRS on the yearly income of individuals, corporations, trusts, and various legal bodies.