Which of the Following Is a Criticism of the Neoclassical

question 15

Multiple Choice

Which of the following is a criticism of the neoclassical counter-revolution school's approach?

• A)Markets are not competitive in developing countries.
• B)Externalities are common in developing countries.
• C)Inequality may worsen when interventions are removed in developing countries.
• D) All of the above.

---

Definitions:

Trial-and-Error

A problem-solving method involving repeated, varied attempts to find a solution, learning from the failures along the way.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in mathematics and computer science.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.