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:

Warehousing Functions

Activities related to the storage of goods in a warehouse such as receiving, storing, managing inventory, and preparing goods for distribution.

Push Strategy

A marketing strategy that aims to "push" products towards consumers through channels such as promotions and sales force efforts rather than creating demand through consumer interest.

Sustainable Sourcing

A process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet.

Near-Sourcing

The practice of transferring a business operation or project closer to where it is consumed or where the product is sold, aiming to reduce transportation costs and time.