Which of the Main Economic Schools of Thought Would Believe

question 93

Multiple Choice

Which of the main economic schools of thought would believe that the government should undertake a tax policy stressing work and investment incentives?

• A)Rational expectations
• B)Classical
• C)Supply-side
• D)Keynesian
• E)Monetarist

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Definitions:

Economies Of Scope

Cost advantages that enterprises obtain due to a broader scope of operations or increased production diversity.

Economies Of Scope

Cost advantages that a business experiences by producing a variety of products rather than specializing in a single product or service.

Economies Of Scope

Cost advantages that a business obtains through a variety of products rather than specializing in a single product.

Synergy

The concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.