Which of the Following Was Implied by the Economic Theories

question 52

Multiple Choice

Which of the following was implied by the economic theories promoted by John Maynard Keynes?

• A) The role of business and economic production was to serve the interests of the state.
• B) Human nature was best served by an economy made up of many small producers in competition with one another.
• C) The ideal human society was one in which everyone contributed what they could and took what they needed.
• D) At times states needed to compensate for failures in the market by stimulating the economy with job creation and increasing supply of currency.

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Definitions:

Net Profit

The amount of money that remains after all operating expenses, interest, taxes, and preferred stock dividends have been subtracted from a company's total revenue.

Step-Down Method

An accounting technique used to allocate indirect costs to products or services based on a hierarchy of activities.

Janitorial Department

A division within an organization responsible for maintaining cleanliness, hygiene, and order in facilities and buildings.

Cost Allocated

The portion of expenses assigned to a specific product, service, or department within a company, as part of cost accounting practices.