Classical Economics Argued That

question 48

Multiple Choice

Classical economics argued that:

• A) the supply curve should remain vertical in the long run.
• B) the First World War was fought to free Britain from economic ruin.
• C) depression was only a short-run, temporary departure from full-employment equilibrium.
• D) funeral plots need to be determined by the market.

---

Definitions:

Skinner Effect

Refers to the phenomenon identified by B.F. Skinner where the rate of a specific behavior is increased or decreased through reinforcement or punishment.

Vocational Effect

The impact or outcomes of vocational education and training on an individual's career paths, employability, and job performance.

Interrelated Effect

The phenomenon where various factors or conditions influence each other, often leading to complex outcomes in a specific context.

Dead Man's Test

A criterion suggesting that if a dead man can do it, it's not behavior; used to emphasize active, observable actions in behavioral analysis.