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:

Preference

A greater liking for one alternative over another or others.

Context

The circumstances or settings surrounding an event, statement, or idea, which can significantly impact its meaning and interpretation.

Sentence

A collection of words that forms a complete unit, usually comprising a subject and predicate, and expresses a statement, question, exclamation, or command.

Interpretation

The act of explaining or providing the meaning of something, often involving a personal perspective or analysis.