Global Affairs
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Questions and Answers

Which term refers to the economic policy that promotes free market principles and limited government intervention in the economy?

  • Sustainability
  • Neoliberalism
  • Socialism with Chinese Characteristics
  • Capitalism (correct)
  • What is the term for the process of transferring ownership of a business, industry, or service from the government to the private sector?

  • Economic Liberalization
  • Privatization (correct)
  • Socialism with Chinese Characteristics
  • Free Market
  • Which term refers to the political and economic dominance of one country or group of countries over others?

  • Hegemony (correct)
  • Multinational corporation (MNC)
  • United Nations
  • Geopolitics
  • What is the term for the process of opening up a country's economy to international trade and investment?

    <p>Economic Liberalization</p> Signup and view all the answers

    Which term refers to the process of transferring ownership of a business, industry, or service from the government to the private sector?

    <p>Privatization</p> Signup and view all the answers

    What term is used to describe the economic policy that promotes free market principles and limited government intervention in the economy?

    <p>Neoliberalism</p> Signup and view all the answers

    What term refers to the process of opening up a country's economy to international trade and investment?

    <p>Economic Liberalization</p> Signup and view all the answers

    What term refers to the political and economic dominance of one country or group of countries over others?

    <p>Geopolitics</p> Signup and view all the answers

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