Neoliberalism takes all BUT which of the following as core principles?
a) Government action is usually linked to special interest groups, which distort the markets operation.
b) Government action in the economy should be minimal.
c) Government regulation of markets provides stability.
d) Individual entrepreneurs should be able to operate in a free market.
Question 2
Karl Polanyi argued that the market:
a) was the most efficient way of distributing goods.
b) could be destructive to labor and environment if not regulated.
c) was evidence of an invisible hand.
d) was really a form of barter.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
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