Lloyd Has Been Studying Uganda for Decades

question 40

Multiple Choice

Lloyd has been studying Uganda for decades.Based on his research,he believes that barriers to trade,minimum wage laws,and environmental regulations that affect Ugandan businesses are getting in the way of development and should be minimized or eliminated.His view is best described as:

• A)Marxism
• B)social democracy
• C)neoliberalism
• D)anarchism
• E)democratic planning

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Definitions:

Economic Efficiency

Economic efficiency occurs when a system is able to maximize output with given resources and technology, minimizing waste and inefficiencies.

Individual Transferable Quotas

Regulatory tools in environmental management, granting individuals or companies the right to catch a certain amount of fish or pollute up to a certain limit, which can be traded.

ITQs

Individual Transferable Quotas, a system used in fisheries management that allocates a certain quantity of fish that can be caught by each fisherman or company.

Efficient Use

Utilization of resources in a way that maximizes the output or benefits while minimizing waste, costs, or inefficiencies.