The Concept That Producing Goods and Services Generates the Means

question 154

Multiple Choice

The concept that producing goods and services generates the means and the willingness to purchase other goods and services is

• A) the Keynesian approach.
• B) money illusion.
• C) Say's law.
• D) secular deflation.

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Definitions:

Ponzi Scheme

A fraudulent investing scam promising high rates of return with little risk by paying earlier investors with the funds from more recent investors.

Bait And Switch

A deceptive marketing practice where customers are lured with the promise of a product or service at a certain price, only to find it unavailable and replaced with a more expensive option.

Account Kiting

The illegal practice of exploiting banking systems to create artificial funds by writing checks between several accounts.

Probable Cause

A standard of reasonable belief, based on facts, that is required to arrest a person, conduct a search, or seize property in legal proceedings.