Question

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? (You can choose more than one.)
A.) Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.
B.) Textile importers can import up to $1 million worth of textiles.
C.) Citizens working in foreign countries must send back a quarter of their income.
D.) Entrepreneurs are no longer restricted from importing raw materials.
E.) Automobile manufacturers can produce only 1,500 units per year.

Answer 1

The one that policies is John Maynard Keynes most likely to disagree with are the below:

C.) Citizens working in foreign countries must send back a quarter of their income.

A.) Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons.

Answer 2

The policies that John Maynard Keynes is most likely to disagree with is Food exporters can export as much wheat as they want, while in the past they were limited to 50 tons and Citizens working in foreign countries must send back a quarter of their income.

Who was John Maynard Keynes?

Keynesian economics takes its name, theories, and concepts from the British economist John Maynard Keynes (1883-1946), whom the world considers as the founding father of modern macroeconomics.

His maximum well-known work, The General Theory of Employment, Interest, and Money, became posted in 1936.

Thus, options A and C are the correct statements.

Learn more about Keynesian economics here:

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