Answer the following statement(s) true (T) or false (F)

1.Neoliberalism is the economic approach, commonly traced to the writings of Adam Smith, that emphasizes the role of the free market in promoting economic growth and prosperity.
2.Neoliberal practices undermined the ability of less developed countries to compete effectively in the global economy.
3.Offshoring involves the transfer of certain specific functions performed within a company to an outside provider.
4.There are currently 18 states in the eurozone, which are members of the European Union that use the euro as their official currency.
5.A state’s current account reflects the outflow of money from a country.

1.false
2.true
3.false
4.true
5.false