1-Which of the following are considered classical economists? Select all that apply.

A-Adam Smith

B-John Maynard Keynes

C-Thomas Malthus

D-Friedrich Engels

2-Which school of thought emphasizes that individuals are always 'rational' and operate in ways which maximize their utility?

A-Classical economics

B-Neoclassical Economics

C-Marxian economics

D-Keynesian economics

3-Which of the following best describe Marxian economics? Select all that apply.

A-Focuses on conflicts between the proletariat and bourgeois

B-Analyzes the 'crises of capitalism'

C-Focuses on rational utility theory

D-Relies on supply and demand models

4-Thornstein Veblen's notion of conspicuous consumption fits best into which school of thought?

A-Classical economics

B-Marxian economics

C-Institutional economics

D-Keynesian economics

5- Keynesian economists are primarily concerned with

A-microeconomics decisions

B-informal institutions

C-supply and demand models for firm production

D-macroeconomics

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