| 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 individualÂ’'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) Neoliberalism is possible by the politicians
B) Neoliberalism is possible by the economists
C) Neoliberalism is possible by the human well being
D) a and b
Correct Answer: D
Solution :
(d)| 1. Syllogistic reasoning |
| 2. Conclusion |
| 3. Object and Function Analogy |
| Neoliberalims is possible by both political and economic practices that proposes that human well-being can best be advanced by liberating individual's entrepreneurial freedoms and skills. |
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