With which of the following statements would a market-oriented theorist agree?
A) International capitalism has facilitated poverty in low-income countries.
B) The most effective way for low-income countries to develop economically is to mimic the successful capitalist practices of the United States.
C) The key to economic success in low-income countries is for the government to harness the cultural beliefs of the people into a productive unit.
D) The problem with low-income countries comes from their histories of colonial exploitation.
E) The economic plight of poor countries could be alleviated with more government intervention.

Question

Quizplus · Accepted Answer

A market-oriented theorist would argue that the most effective way for low-income countries to develop economically is to adopt successful capitalist practices, as capitalism is believed to lead to economic growth and development. Option A suggests that capitalism has facilitated poverty, which would not be a market-oriented theorist's view. Option C implies a role for government intervention in economic development, which is not consistent with a market-oriented approach. Option D focuses on historical factors, which may not be the primary concern of a market-oriented theorist. Option E suggests a need for more government intervention, which is not consistent with a market-oriented approach.

With Which of the Following Statements Would a Market-Oriented Theorist