Embedded liberalism can be summed up in which of the following statements?
A) International markets should be subject to political regulations in order to protect domestic social interests.
B) Foreign aid should be used in some cases where markets have failed to help the poor.
C) Consumers make rational (individual) choices that result in unexpected damaging outcomes that hurt the community.
D) The state needs to intervene in the economy because markets fail.
Correct Answer:
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