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This study guide covers neoliberal policies (deregulation, liberalization, privatization, austerity, free trade, monetary policy), their impacts, and related organizations like the EU, WTO, Mercosur, and OPEC. It explains comparative and complementary advantage in trade, NAFTA's impact, and the EU's role in economic interdependence. Key concepts include supranational organizations, free trade agreements, and the pros and cons of globalization. The guide also includes practice questions and exam tips.
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Question 1 of 13
Ready to ace this? 😎 Which of these is a hallmark of neoliberal economic policy?
Increased government control over industries
Reduced barriers to international trade
Expansion of state-owned enterprises
Strict protectionist trade measures