Critics Argue That U.S.industrial Policy

question 87

Multiple Choice

Critics argue that U.S.industrial policy:

• A)currently focuses only on developing the airlines industry.
• B)discourages spending on basic research in universities.
• C)should shift from a military to a civilian focus.
• D)gives foreign industries an advantage over domestic producers.
• E)provides too much protection to domestic industries.

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Definitions:

Great Depression

A severe worldwide economic depression that took place during the 1930s, marked by high unemployment and financial instability.

Future Business Activity

Predictions or estimations about the levels of commercial, industrial, or professional operations and engagements in the upcoming period.

Keynesian Model

An economic theory stating that active government intervention is necessary to manage economic fluctuations and stimulate demand during downturns.

Money Supply

The sum of all funds available in an economy, including cash, coins, and checking and savings account balances, at a particular point in time.