In the classical system, the basic economic problems are solved by:

Related MCQs

• In a free enterprise economy, the problems of what, how and for whom to produce are solved by :
• In classical system which of the following keeps the economy at full employment:
• An Economic model is a statement of relationship among economic ------
• Which of the following is not an assumption of classical theory?
• In classical theory the equality between saving and investment is brought about by:
• The normal condition of a capitalist economy in classical theory is:
• The classical economists believed that the demand for labour is a function of:
• In classical theory of employment, there is the possibility of:
• The aggregate production function implied under classical theory is :
• In the classical theory, one of the following is an important assumption: