Which One of the Following Statements Is NOT True

question 156

Multiple Choice

Which one of the following statements is NOT true?

• A) The classical model assumes that people suffer from money illusion.
• B) The classical model assumes that people are motivated by self-interest.
• C) The classical model assumes that pure competition exists.
• D) The classical model assumes that no single seller of a commodity can affect its price.

---

Definitions:

Obverses

In logic, statements that are logically equivalent but expressed in inverse form, typically through negation or contraposition.

Relationship

The process by which two or more ideas, objects, or individuals are related, or the status of having a relationship.

Contradictories

Statements that cannot both be true or both be false at the same time.

Contraries

Statements or propositions that cannot both be true at the same time, but can both be false.