Answer:
Institutional liberalism has roots in classical liberalism; however, this perspective believes governmental interference in the market to achieve a number of social objectives is necessary is a TRUE statement.
Explanation:
- Though the concept of institutional liberalism has directly emerged from classical liberalism, they differ from each other on numerous grounds such as the idea of interference of the government in the market.
- Institutional liberalism can be referred to as a moderated form of classical liberalism as it inclines towards seeking the assisting of the government in order to manage certain disciplinary operations in the market.