What is the main argument presented by Professor Ha-Joon Chang regarding the free market?
There is No Such Thing as a Free Market

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Markets operate best without any regulations.
Free markets are scientifically defined and should not be altered.
Free markets are completely independent of politics.
All markets are influenced by regulations and political factors.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the American labor market illustrate the concept of market regulations?
It allows child labor and slavery.
It is the most regulated market in the world.
It has regulations that are often overlooked due to their acceptance.
It is completely free of any regulations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the critique of the assertion that market boundaries are scientifically defined?
Market boundaries are universally agreed upon.
Market boundaries should never be altered.
Market boundaries are politically motivated and subjective.
Market boundaries are purely scientific and objective.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What personal experience does Professor Chang share about market practices in Korea?
Korea had the same market practices as Britain.
Korean stores did not allow returns unless items were faulty.
Korean stores allowed easy returns of purchased items.
Korea had no market regulations in the 1980s.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fundamental point made about the myth of market objectivity?
Markets can be scientifically defined without political influence.
Market objectivity is a universally accepted concept.
Markets are objective and should not be influenced by politics.
The idea of market objectivity is misleading as markets are politically influenced.
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