Which One of the Following Statements Is NOT True

question 156

Multiple Choice

Which one of the following statements is NOT true?

• A) The classical model assumes that people suffer from money illusion.
• B) The classical model assumes that people are motivated by self-interest.
• C) The classical model assumes that pure competition exists.
• D) The classical model assumes that no single seller of a commodity can affect its price.

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Definitions:

Jump-To-Subroutine Instruction

A programming instruction that causes the execution flow to jump to a specific subroutine or function, and returns once the subroutine is completed.

MCR Instruction

A Master Control Reset instruction in PLC programming that is used to turn off a defined block of outputs regardless of the conditions within the block.

Rung Outputs

The final elements in a ladder logic diagram in PLC programming, representing actions executed based on the conditions evaluated in the rung.