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Which of the following describes Hoover's philosophical approach to stimulating the economy?
A) Direct intervention: give direct relief to individuals to spark the economy.
B) Top-down: give money and loans to businesses so they can create jobs.
C) Wait and see: over time the economy would correct.
D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

Respuesta :

I believe the answer is:B. Top-down approach: give money and loans to businesses so they can create jobs.

Hoover believe that providing the businesses with financial incentive would give more room at their disposal to create jobs. In the long run, this would reduce the amount of unemployment and increase citizen's average disposable income. The situation also tend to attract many investments from foreign countries.

Hoover believes that by offering financial incentives to firms, they will be able to create more jobs.

In the long run, this would cut unemployment and boost average disposable income among citizens. The condition also tends to attract a lot of international investment.

Thus, Option B is correct.

What was Hoover's guiding principle?

He believed that government should play a limited role in society and that excessive federal interference was a threat to capitalism and individuality. He believed that support should be provided on a volunteer basis on a local level.

As a result, Hoover vetoed many proposals that would have provided immediate relief to the poor.

For more information about Hoover refer to the link:

https://brainly.com/question/11970422

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