How Did the Influential Economist John Maynard Keynes Explain His

question 3

Multiple Choice

How did the influential economist John Maynard Keynes explain his remark that though economics is an easy subject compared with the higher branches of philosophy or pure science,it is a subject at which few excel?

• A)Most people who study economics are not very bright.
• B)Good economists must possess a rare combination of gifts.
• C)Economics is quite boring;hence,people tend to lose interest in it before mastering it.
• D)Good thinkers become frustrated with economics because it does not make use of the scientific method.

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Definitions:

Style Approach

A leadership approach that argues there is a specific set of skills managers can learn to become effective leaders.

The Right Stuff

"The Right Stuff" typically refers to an ideal set of qualities or attributes that are perceived as necessary for success or leadership within a certain context or endeavor.

1940s-1960s

A period marked by significant global events including World War II, the Cold War, and social and cultural shifts in many societies, including the Civil Rights Movement in the United States.

Charismatic Leadership

A leadership style where leaders inspire, enthuse, and energize their followers through personal magnetism and appeal, often leading to high levels of loyalty and motivation.