Classical Economists Believed That

question 27

Multiple Choice

Classical economists believed that:

• A) the forces of market supply will alone achieve equilibrium.
• B) a long continuing prosperity is impossible.
• C) a long continuing depression is impossible.
• D) the forces of market demand will alone achieve equilibrium.

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Definitions:

Transnational Strategy

A strategy that combines the benefits of global-scale efficiencies with the benefits of local responsiveness.

Inventory Decisions

Choices made by a company regarding the amount and type of inventory to keep on hand to meet customer demand while minimizing cost.

Computer Manufacturing

The process of assembling and producing computer components, systems, and related hardware products.

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