Which of the Following Is Not True About Classical Economists

question 105

Multiple Choice

Which of the following is not true about classical economists?

• A)They criticized mercantilism as an economic system.
• B)They advocated laissez-faire policies to promote economic growth.
• C)They believed the economy would naturally tend toward full employment.
• D)They believed prices and wages were flexible.
• E)They sought government intervention in markets to promote fairness.

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Definitions:

Church of England

The primary state church in England, also known as the Anglican Church, characterized by a middle path (via media) between Roman Catholicism and Protestantism.

Political Interference

Involvement by political authorities in matters or decisions that typically require a degree of independence from governmental influence or control.

Woolens Industry

The sector of the economy focused on the production and distribution of goods made from wool, including clothing and textiles.

English Population

The demographic total of individuals residing in England, a country within the United Kingdom, considering factors like birth rate, death rate, and immigration.