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Keynes vs Hayek (English) Flashcards | StudBud
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Keynes vs Hayek (English)
Keynes vs Hayek (English)
16 terms
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StudBud Administration
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A #socialstudies #quiz
Flashcards
16 cards
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Questions
16
Answers
1
The current government wants to improve the employment insurance system.
Keynes
Hayek
2
The federal government announces that it will lower business taxes.
Hayek
Keynes
3
The government has created a universal and free health care system.
Keynes
Hayek
4
The government discourages "decadent" and individualist capitalism.
Hayek
Keynes
5
The government leaves supply and demand in the hands of the market.
Keynes
Hayek
6
The goal is to ensure equality between people who produce goods
Free market
Capitalism
Karl Marx
Communism
7
In times of recession, when wages go down, the government lowers taxes.
Hayek
Keynes
8
The government is encouraging the growth of small businesses.
Keynes
Hayek
9
The government supports multinationals like Wal-Mart.
Hayek
Keynes
10
The government has set up subsidized daycares at $ 7 a day.
Hayek
Keynes
11
The government makes major budget cuts in the field of culture and the arts.
Hayek
Keynes
12
The government agrees with unions trying to improve working conditions.
Keynes
Hayek
13
The pursuit of profit and self-interest leads to the creation of wealth. This is...
Adam Smith's invisible hand
Communism
Planned economy
Profit
14
The government proposes to make post-secondary education free for all.
Keynes
Hayek
15
The government encourages the privatization of public companies.
Hayek
Keynes
16
The government raises environmental standards for oil companies.
Keynes
Hayek