Which of the following is a criticism of the neoclassical counter-revolution school's approach?
A)Markets are not competitive in developing countries.
B)Externalities are common in developing countries.
C)Inequality may worsen when interventions are removed in developing countries.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the given options are criticisms of the neoclassical counter-revolution school's approach. The approach assumes that markets are efficient and competitive, which may not be the case in developing countries where market imperfections are common. Additionally, the approach ignores externalities, which are often significant in developing countries, and advocates for removing interventions, which can exacerbate existing inequalities.

Which of the Following Is a Criticism of the Neoclassical