Who Is Associated with the Following Summary of the Economic

question 109

Multiple Choice

Who is associated with the following summary of the economic way of thinking: "The theory of economics does not furnish a body of settled conclusions immediately acceptable to policy.It is a method rather than a doctrine,an apparatus of the mind,a technique of thinking which helps its processor draw correct conclusions."

• A) John Maynard Keynes
• B) Alfred Marshall
• C) Adam Smith
• D) President Harry Truman

---

Definitions:

Sole Proprietorship

An individual carrying on business alone.

Partnership

When the ownership and responsibilities of a business are shared by two or more people with a view toward profit.

Incorporation Process

The series of legal steps taken to form a legally recognized company or corporation.

Jurisdiction

The official power to make legal decisions and judgments, typically a geographic area or over certain types of legal cases.