Keynesian Economists Begin with the Assumption That the State Should

question 74

Multiple Choice

Keynesian economists begin with the assumption that the state should regulate economic policy for everyone's benefit.Why might sociologists who use market-oriented theories be critical of this idea?

• A)They believe that markets without state interference lead to the best economic outcomes.
• B)Market-oriented theorists think that the state should control all markets.
• C)They think that higher taxation rates for the poor are the best way to curb welfare provisions.
• D)They believe that markets should be abolished in favor of a planned economy.
• E)They believe that the state should regulate every business transaction, not just major economic policy.

---

Definitions:

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.

Interstate Commerce

Economic activities or transactions that cross state boundaries or involve more than one state, regulated by the federal government in many countries.

Stay and Tender Laws

Legislative measures that prevent creditors from seizing the property of debtors and require debtors to make payment in a legal tender, typically applied during financial crises to provide relief.