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The term classical liberalism

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Reference no: EM133393115

Questions

1. When speaking about helping the world's poor people, in the PBS Commanding Heights documentary, Peruvian Economist Hernando de Soto :

A. advocates for a capitalism that allows the poor to gain property rights

B advocates that South American countries return to their communist roots

C. argues that neither capitalism nor communism worked and we need an entirely new system

D. argues that the core countries should stop trading currencies and return to a manufacturing-based economy

2. The term "Classical liberalism" refers to Question

A. A time when companies were completely free from paying taxes

B. A time of a completely 100% free market with no government regulation

C. The original 1776 Democratic Party in the U.S.

D. Government protecting industries through providing subsides

3. True or False. The International Division of Labor refers to when colonial powers forced their colonies to specialize in mainly one good.

4. True or False. Public Sector money typically comes from taxes while Private Sector money typically comes from profits.

Reference no: EM133393115

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