Because the Private and Foreign Sectors of the Economy Were

question 237

Multiple Choice

Because the private and foreign sectors of the economy were in a deep slump during the Great Depression, Keynes suggested an increase in _____ spending.

• A) investment
• B) government
• C) consumption
• D) import

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Definitions:

Cost Leadership Strategy

A business approach aiming to become the lowest-cost producer in the industry, often by achieving economies of scale.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors.

Minimising Costs

Strategies and practices implemented to reduce expenses and manage financial resources efficiently within an organisation.

Portfolio Planning

A strategic process that involves making investment decisions to balance risk against performance, often in the context of project or product portfolios.