Suppose Country W has a partly-planned economy with a large public sector. A neoliberal recommends privatizing all state-run enterprises. A modern liberal would be most likely to _____
a. modify this recommendation by exempting infant industries from the list of enterprises to be sold off
b. oppose this recommendation because the resulting inflation would unfairly erode the spending power of people living on a fixed income
c. critique this recommendation by pointing out that certain services are too important to social well-being to be left to the whims of the market
d. support this recommendation by arguing that the loss in government revenue would be offset by a higher tax based produced by economic growth
Correct Answer: c
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