Which of the Following Is Not True About Classical Economists

question 105

Multiple Choice

Which of the following is not true about classical economists?

• A)They criticized mercantilism as an economic system.
• B)They advocated laissez-faire policies to promote economic growth.
• C)They believed the economy would naturally tend toward full employment.
• D)They believed prices and wages were flexible.
• E)They sought government intervention in markets to promote fairness.

Understand the distinction between goods and services, including examples and characteristics.

Identify the differences between durable and nondurable goods.

Recognize the impact of product types on marketing strategies.

Comprehend the concept of a product, including tangible and intangible attributes.

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Definitions:

Gender Role Orientation

The societal norms and expectations associated with behavior considered appropriate for males and females.

Playmates

Individuals, particularly children, who engage in play or games together.

Personality Development

The growth and maturation of an individual's personality traits and personal identity over time.

Extraversion

A characteristic of personality defined by being outgoing, expressive, assertive, and displaying high emotional expressiveness.