The Best Economic Case One Can Make for an Active

question 32

Multiple Choice

The best economic case one can make for an active industrial policy involves

• A) the national security argument.
• B) the technological spillover argument.
• C) the environment preservation argument.
• D) the high value added argument.
• E) raising the national income.

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Definitions:

Political Philosophy

An area of philosophy that explores questions about government, political structures, justice, rights, freedom, and the role of politics in human society.

Income Equalization

Policies or practices aimed at reducing the disparity in income among individuals in an economy.

Utilitarianism

The political philosophy according to which the government should choose policies to maximize the total utility of everyone in society.

Deccan Sultanates

A group of five dynasties that ruled over the Deccan Plateau in south-central India from the 14th to the 17th century, known for their contributions to Indian art and architecture.