0
Supporters of adam smiths economic theories would probably support a government policy of?
Add your answer:
Earn +20 pts
Supporters of Adam Smith economic theories would probably support a government policy of?
removing regulations regarding business practice in the baking industry
What economic theories supports an increase in government spending in order to benefit private industries?
Keynesian theory
Are future economic trends influenced by economic theories?
Yes, the future economic trends are usually influenced by the economic theories.
Do markets work?
No; not according to some economic theories. Yes; according to some economic theories.
What would be one downside to Keynes theories?
The massive debt a government can amass over a period of time while employing Keynesian economic theories. e.g. the United States of America.
What are theories in economics called?
economic models
How are Alfred Marshall's economic theories viewed?
Marshall's economic theories, although very elaborate, have been viewed as eclectic and lacking in internal consistency.
How has religion influenced the application of economic theories?
Religion influenced the application of economic theories in a huge way. In the olden days, people valued religion and would follow whatever guidance religion provided and that is how it gained so much power even in economic theories.
What effect do conspiracy theories have on the government and people?
It is probably just a matter of opinion but I doubt that conspiracy theories have little effect on the government. For many people they don't matter either. For some people though, they offer explainations for things that seem to have no rhyme or reason for certain situations.
What is the correct chronological order of economic philosophers of the nineteenth century?
the chronological order of economic theories
What is the economy like in a constitutional monarchy?
a form of government in which one person who inherits or is forced to a throne the leader's power is limited by laws A constitutional monarchy is a form of political government, NOT an economic system. There can be a variety of different economic policies (and economic theories) employed by a country under a constitutional monarchy. So, your question is unanswerable - it depends heavily on what type of constitutional monarchy, and what specific economic policy that constitutional monarchy follows.
What the economists often omit in building economic models?
theories is not correct
