The Classical Economists Assumed That

question 22

Multiple Choice

The classical economists assumed that

• A)monopoly was widespread in the economy.
• B)government intervention in the economic system was necessary and helpful.
• C)wages and prices were inflexible, especially downward.
• D)wages and prices were flexible.

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Definitions:

Amphetamines

A class of stimulant drugs that affect the central nervous system, commonly used to treat ADHD and narcolepsy, but also prone to abuse.

Toxic Psychosis

Hallucinations, delirium, and paranoia caused by repeated high doses of amphetamines.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, known for its potential to cause addiction and severe health problems.

Overstimulation

A condition where an individual is exposed to an overwhelming amount of stimuli, resulting in stress, anxiety, or inability to focus.