The Classical Economists Thought That the Market

question 88

Multiple Choice

The classical economists thought that the market:

• A) did not exist.
• B) could self-correct.
• C) would disappear.
• D) was not important.

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Definitions:

Obsession

Persistent and intrusive thoughts, impulses, or images that cause significant anxiety or distress.

Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession, or according to rules that must be applied rigidly.

Repetitive Behaviors

Actions performed over and over again, which can be a characteristic of certain psychological conditions, such as OCD.

Obsessive Thoughts

Intrusive, unwanted thoughts that often cause distress or anxiety and may lead to compulsive behaviors in an attempt to alleviate the distress.