The Classical Framework Is Based on What Assumption(s):________

question 14

Multiple Choice

The classical framework is based on what assumption(s) :________.

• A) many firms in the economy
• B) no single firm can control prices
• C) in the long-run the quantity of factors supplied must be equal to the quantity of factors demanded
• D) all of the above
• E) none of the above

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Definitions:

Ecological Significance

The importance of an organism, species, or process in affecting ecosystem structure, function, and services.

Soil Component

The physical, chemical, and biological elements that make up soil, including minerals, organic matter, and living organisms.

Macronutrient

A type of nutrient that organisms need in relatively large amounts to maintain health, such as carbohydrates, proteins, and fats.

Proteins

Large, complex molecules made up of amino acids that play critical roles in the body, including in the structure, function, and regulation of tissues and organs.