Which best summarizes the philosophical difference between economists john maynard keynes and adam smith? a) keynes said government was the key to solving economic issues, while smith believed government should take a hands-off approach. b) smith said government was the key to solving economic issues, while keynes believed government should take a hands-off approach. c) smith believed in an "invisible hand" with which government pushes the economy, while keynes did not agree with this idea. d) keynes believed in an "invisible hand" with which consumers push the economy, while smith did not agree with this idea.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?