The social market economy
a. accepts the general principle of free market economics but allows significant government involvement in the economy in order to protect domestic economic interests.
b. preserves private property and generally views the market as the best way to allocate resources, but does not see the market as a legitimate means to distribute the proceeds of economic growth.
c. involves a substantial role for government in the regulation of the economy and the establishment of social welfare programs.
d. involves minimal government involvement in regulation of the economy and little social welfare spending.
e. is a combination of state-led development measures and authoritarian political practices.
Question 2
Most scholars consider globalization to be anchored by
a. the political unity and leadership provided by international organizations such as the UN.
b. an increase in intercultural exchange that makes people more aware of other cultures.
c. an increase in commonness of culture brought about by media technologies such as the Internet.
d. a deepening of economic ties between countries.
e. the desire of Western capitalist elites to exploit an ever larger part of the world.
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