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Hong Kong's Economy Comes Closest to the Neoclassical Ideal,a Refinement

Question 13

Multiple Choice

Hong Kong's economy comes closest to the neoclassical ideal,a refinement of Adam Smith's recommendations.What is the neoclassical ideal?


A) Involving the state primarily in agricultural production
B) Heavy government regulation, but not ownership, of the economy
C) Allowing the state a very limited role in the economy
D) Having the state tightly regulate environmental and health regulations
E) Establishing high tariffs and other protection for start-up companies

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