During World War II, Economists Using John Maynard Keynes's Theory

question 51

Multiple Choice

During World War II, economists using John Maynard Keynes's theory predicted that the rate of saving after the war would be very:

• A) high, and that is what happened.
• B) low, and that is what happened.
• C) low, but that did not happen.
• D) high, but that did not happen.

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Definitions:

Sole Proprietorship

is a business structure where a single individual owns and operates the business, assuming sole responsibility for its debts and obligations.

Unlimited Liability

A legal structure in business where the owner's personal assets can be used to satisfy the business's debts and liabilities.

State Statute

Legislation enacted by a state legislature or established by a state court.

Earnings Claims

Statements made by a company or franchise about the potential or actual financial performance of a business opportunity.