Economy and Growth Quiz

According to the text, what is the most famous book written by John Maynard Keynes?

• The Wealth of Nations

• The General Theory

• Das Kapital

• The Road to Serfdom

What did John Maynard Keynes refer to as 'animal spirits' in the economy?

• Quantitative probabilities

• Mathematical view of the economy

• Spontaneous urge to action

• Weighted average of quantitative benefits

What was the focus of the investment conference hosted by Rishi Sunak at Hampton Court Palace?

• Automotive industry

• Renewable energy

• Financial services

• Healthcare sector

What is the conservative philosophy regarding public spending and the public realm?

• Increase public spending for better services

• Implement austerity measures

• Privatize public services

• Accept deterioration in the public realm

What is the main focus of the Labour party's green Industrial Revolution strategy?

• Life sciences

• Infrastructure development

• Tech industry

• Renewable energy

According to the text, what is the Labour party's plan to fund the green Industrial Revolution?

• Borrowing from international banks

• Raising taxes on working people

• Cutting public spending

• Attracting foreign investment

What does the author predict Labour will have to look at in terms of taxation in the future?

• Taxing income work

• Taxing accumulated wealth

• Taxing property sales

• Taxing corporate profits

What is the author's opinion on the current state of the public realm in the UK?

• Not mentioned in the text

• In good condition

• Shattered and in bad condition

• In need of minor improvements

What does the author suggest Labour will have to do in response to the situation in Ukraine?

• Reduce international trade barriers

• Increase defense budget

• Increase investment in renewable energy

• Increase public spending on healthcare

What does the author believe will be necessary for the UK in terms of trade with the EU?

• Increase trade barriers with the EU

• Return to the single market or similar arrangement

• Return to the EU as a member state

• Maintain current trade barriers