Which of the Following Is NOT an Assumption of the Classical

question 235

Multiple Choice

Which of the following is NOT an assumption of the classical model?

• A) Government intervention is necessary for economic stability.
• B) No one buyer or seller of a good or service can affect the price of the good or service.
• C) People are motivated by self-interest.
• D) People are not fooled by the money illusion.

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Definitions:

Immune System

A complex system of cells, tissues, and organs that defends the body against pathogens and maintains overall health.

Antibodies

Proteins produced by the immune system to identify and neutralize foreign substances like bacteria and viruses.

Hormones

Chemical messengers produced by glands in the body, which regulate the activity of cells or organs.

Teratogens

Agents or factors that can cause congenital abnormalities or malformations in an embryo or fetus when a mother is exposed during pregnancy.