Which of the following does NOT describe the philosophy of classical economists?
A) They criticized mercantilism as an economic system.
B) They advocated laissez-faire policies to promote economic growth.
C) They believed the economy would naturally tend toward full employment.
D) They sought government intervention in markets to promote fairness.

Question

Which of the following does NOT describe the philosophy of classical economists?  
A) They criticized mercantilism as an economic system. 
B) They advocated laissez-faire policies to promote economic growth. 
C) They believed the economy would naturally tend toward full employment. 
D) They sought government intervention in markets to promote fairness.

Quizplus · Accepted Answer

Classical economists did not believe in government intervention in markets to promote fairness. They believed in free markets and minimal government intervention to promote economic growth.

Which of the Following Does NOT Describe the Philosophy of Classical