All of the Following Were Classical Economists EXCEPT

question 52

Multiple Choice

All of the following were classical economists EXCEPT

• A)Adam Smith
• B)A. C. Pigou
• C)David Ricardo
• D)John Maynard Keynes.

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Definitions:

Machine-Hours

A measure of production time where one machine-hour equals the operation of one machine for one hour.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, used as a base for allocating overhead costs to products.

Machining

A manufacturing process involving the shaping of metal or other materials through controlled material-removal techniques.

Customizing

The process of making or modifying something according to a customer's individual requirements.