John Maynard Keynes Wrote That Responsibility for Low Income and High

question 102

Multiple Choice

John Maynard Keynes wrote that responsibility for low income and high unemployment in economic downturns should be placed on:

• A) low levels of capital.
• B) an untrained labor force.
• C) inadequate technology.
• D) low aggregate demand.

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Definitions:

Product Caused Injury

Refers to harm that results from the use of a manufactured item, often leading to legal action based on claims of negligence or defects.

Strict Product Liability

A legal doctrine that holds sellers, distributors, or manufacturers liable for distributing a defective product to a consumer.

Defect Unexpectedly

A situation where a flaw or imperfection in a product or system appears without warning.

Warning Defect

A failure in a product to adequately instruct or inform users of potential risks or hazards, rendering it dangerous.