Which of the Following Is a Criticism of the Neoclassical

question 24

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.

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Definitions:

Critical Reasoning

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Error Attribution

The process of explaining the cause of an error, often in the context of understanding human behavior or cognitive processes.

Binet's Insight

Refers to Alfred Binet's understanding and contributions to intelligence testing, including the development of the first practical IQ test.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.