Neoliberalism Does Not Include

question 57

Multiple Choice

Neoliberalism does not include

• 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:

Legal Capacity

The ability of an individual to understand and appreciate the consequences of their actions for the purpose of entering legally binding contracts or making other legal decisions.

Ratifies

To officially approve or confirm an agreement or contract, making it valid and legally binding.

Apparent Authority

A type of authority perceived by a third party that an agent seems to have in relation to the principal, regardless of whether such authority has been actually granted.

Principal

The primary party to a transaction, agreement, or contract, or the amount of money on which interest is paid or received.