Amy's grandparents experienced the Great Depression of the 1930s and share with her the challenges they endured at a time when the unemployment rate was 30 percent. Therefore, it is no surprise that they believe which approach to be the best for the economic development of a country?
A) private market solutions
B) neoliberal policies
C) trade deregulation
D) government intervention in the market

Question

Quizplus · Accepted Answer

Given their personal experience with the hardships of the Great Depression, Amy's grandparents are likely to believe that the government should intervene in the market to prevent or alleviate economic crises. This could involve policies such as fiscal stimulus, regulation of business practices, and social safety nets. Private market solutions, neoliberal policies, and trade deregulation are less likely to be seen as effective approaches in the eyes of individuals who lived through such difficult economic times.

Amy's Grandparents Experienced the Great Depression of the 1930s and Share