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.

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Definitions:

Controller

A senior executive responsible for the accounting operations and financial reporting of a company.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

Declare Dividends

Declare dividends refers to the action by a company's board of directors to distribute a portion of the earnings to shareholders, typically in the form of cash or stock.

Execute Policy

The act of implementing or carrying out a set of directives or procedures laid down by an organization or government.