Which of the Following Is Not True About Classical Economists

question 27

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 react slowly to market changes.
• E)They discouraged government intervention in markets.

---

Definitions:

Equipment

The set of tools, machinery, and other physical devices necessary for the production of goods or the provision of services.

Machinery

Mechanical devices or equipment designed to perform specific tasks, often used in manufacturing and industrial processes.

Business Plan

A detailed document that outlines the objectives, strategies, financial forecasts, and operational goals of a business.

Marketing Strategy

A long-term plan designed to achieve competitive advantage and meet consumer demands by promoting and selling products or services.