All of the following were classical economists EXCEPT
A) Adam Smith
B) A. C. Pigou
C) David Ricardo
D) John Maynard Keynes.
D
You might also like to view...
The political business cycle refers to the phenomenon that just before elections, politicians enact ________ policies. After the elections, the bad effects of these policies (for example, ________ ) have to be counteracted with ________ policies
A) expansionary; higher unemployment; contractionary B) expansionary; a higher inflation rate; contractionary C) contractionary; higher unemployment; expansionary D) contractionary; a higher inflation rate; expansionary
In the long run, firms in a perfectly competitive market will:
A. exit if the price is lower than their lowest average total cost. B. attract other firms to the market if the price is equal to their lowest average total cost. C. not attract other firms if they are earning slightly positive economic profits. D. earn positive economic profits.
Which of the following is related to the concept of trade-off used in economics?
a. Paying tuition to attend college b. Paying a high price for a movie ticket on the first day of screening c. Not having enough information available to make a rational decision d. Giving up one good or activity in order to obtain some other good or activity e. Having your cake and eating it too
In the 1920s General Motors gobbled up more than 100 independent carmakers. This would be an example of a ________ merger.
A. vertical B. horizontal C. conglomerate