Who Developed the Idea That Government Could Smooth Out the Ups

question 18

Multiple Choice

Who developed the idea that government could smooth out the ups and downs of the free-market economy?

• A) John Maynard Keynes
• B) David Riccado
• C) Milton Friedman
• D) Adam Smith

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Definitions:

Brick-and-mortar Stores

Physical retail outlets located in buildings as opposed to online or digital shops.

Four Ps

A marketing mix concept that includes Product, Price, Place, and Promotion, used for effective marketing strategy planning.

World of Trade

An encompassing term that refers to the global network of buyers, sellers, markets, and exchanges involved in the production, distribution, and consumption of goods and services.

Personal Selling

The two-way flow of communication between a buyer and a seller that is designed to influence the buyer’s purchase decision.