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Question
select all the correct answers.
the government of a country has introduced a few economic policies for the current financial year. which of these policies is john maynard keynes most likely to disagree with?
food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.
textile importers can import up to $1 million worth of textiles
citizens working in foreign countries must send back a quarter of their income
entrepreneurs are no longer restricted from importing raw materials.
automobile manufacturers can produce only 1,500 units per year.
John Maynard Keynes advocated for government intervention to manage aggregate demand. Policies that restrict production (like limiting automobile production) go against his ideas. He believed in stimulating the economy, and limiting production would constrict economic activity. The other options either expand trade (exporting more wheat, no restriction on raw - material import) or are less directly related to Keynesian demand - management principles compared to production restriction.
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Automobile manufacturers can produce only 1,500 units per year.