“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.”

1. This quotation best supports which of the economic theories of John Maynard Keynes?

a.) Businesses and jobs rely most strongly on consumer demand.

b.) Government regulation is necessary to stabilize the economy.

c.) Markets operate best when allowed to operate freely.

d.) Private individuals can best make their own economic decisions.

Question

“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.” 

1. This quotation best supports which of the economic theories of John Maynard Keynes? 

a.) Businesses and jobs rely most strongly on consumer demand. 

b.) Government regulation is necessary to stabilize the economy. 

c.) Markets operate best when allowed to operate freely. 

d.) Private individuals can best make their own economic decisions.

anonymous · Answer

2.This statement contrasts most strongly with which of the following economic theories? 

a.) businesses and individuals should make their own choices. 

b.) Government should have a share in all industry 

c.) Market forces work best when left alone. 

d.) Profit-driven industry will lead to economic collapse.

anonymous · Answer

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