Who Argued That the Economy Should Be Left to Itself

question 151

Multiple Choice

Who argued that the economy should be left to itself to close a recessionary gap?

• A)John F.Kennedy
• B)John Maynard Keynes
• C)Mercantilists
• D)Classical economists
• E)Socialists

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Definitions:

Noncontrolling Interest

A portion of the equity in a subsidiary not attributable, directly or indirectly, to the parent company.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenues.

Upstream Intra-Entity Profits

Profits realized from transactions between a parent company and its subsidiary, where the subsidiary sells to the parent.

Mutual Ownership

Refers to an arrangement where entities are owned by their members who share profits or benefits.