Understanding Neoliberalism

What is one of the core principles of neoliberalism as introduced by Friedrich Hayek?

• State ownership of private property

• Emphasis on individual liberty and market freedom

• Increased taxation and regulation

• Government control over markets

How is the term 'neoliberalism' often used in modern discourse?

• As a historical reference to classical liberalism

• As a term of abuse by its opponents

• As a neutral term for market strategies

• As a compliment for economic policies

What was the main disagreement between Hayek and Keynes?

• The value of technological innovation

• The need for international trade

• The importance of private property

• The role of government in managing the economy

Which leaders were known for embracing neoliberalism in the late 20th century?

• Ronald Reagan and Margaret Thatcher

• Angela Merkel and Emmanuel Macron

• Franklin D. Roosevelt and Winston Churchill

• John F. Kennedy and Lyndon B. Johnson

What was a significant consequence of neoliberal policies during the 2007-2008 financial crisis?

• Increased government ownership of banks

• Taxpayers bailing out financial institutions

• A return to Keynesian economic policies

• A decrease in global trade