The Classical Theory That States That 'Supply Creates Its Own

question 81

Multiple Choice

The classical theory that states that 'supply creates its own demand' was developed by:

• A) Adam Smith.
• B) John Keynes.
• C) Jean-Baptiste Say.
• D) Richard Say.

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Definitions:

Visible Minority Members

Individuals who belong to a racial or ethnic minority that can be distinguished from the majority through visible characteristics.

Discrimination

Unfair or prejudicial treatment of people or groups based on characteristics such as race, gender, age, or sexual orientation.

Ecological Fallacy

The error of assuming that a generalized cultural or social statistic applies to all individuals within a group.

Post-colonial Theory

An intellectual discourse that analyzes, explains, and responds to the cultural legacy of colonialism and imperialism, focusing on the human consequences of the control and exploitation of colonized people and their lands.