Classical Economists Held the View That in the Economy

question 149

Multiple Choice

Classical economists held the view that in the economy,

• A)demand creates its own supply.
• B)unemployment is temporary and is soon eliminated.
• C)there is an imbalance between saving and investment.
• D)it is difficult for an economy to adjust because wages and prices are inflexible.

Comprehend the methods and rationales behind disciplining children.

Grasp the stages of Erik Erikson's psychosocial development and their implications on child development.

Identify characteristics and behaviors that lead to children being well liked or rejected by their peers.

Understand the dynamics of resilience in children, including factors that contribute to differing life outcomes despite similar adversities.

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Definitions:

Meat Slicing Machine

A device used in the preparation of food to slice meat thinly and consistently.

Percent Markup

The percentage added to the cost price of goods to achieve a selling price.

Fax Machine

A device that transmits scanned documents as a telephone transmission to a receiving machine producing a copy.

Selling Price

The price at which a product or service is sold to the consumer, determined by factors such as cost, demand, and market competition.