| Direction: Study the following passage carefully and answer the questions given below: |
| Neoliberalism is a dominant ideology shaping our world today. It dictates the policies of governments, and shapes the actions of key Institutions such as the World Trade Organization, International Monetary Fund and World Bank. According to Saad-Filho and Johnston, it is impossible to overstate the political and economic implications of neoliberalism. It is a theory of political and economic practices that proposes that human well-being can best be advanced by liberating individual's entrepreneurial freedoms and skills within an institutional framework characterized by strong property rights, free markets and free trade. The role of the state is to create and preserve an institutional framework appropriate to such practices. |
A) Adopt neoliberalism principles in the political framework
B) Liberation of individuals protected startup freedom and skills
C) Depend on the actions of key institutions like IMF and World Banks
D) None of these
Correct Answer: B
Solution :
(b)| 1. Conditional reasoning |
| 2. Inference |
| 3. Problem and Solution Analogy |
| The human well-being can best be advanced by liberating individual's entrepreneurial freedoms and skills within an institutional framework characterized by strong property rights. |
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