MC29. What was the focus of the physiocratic school of economic thought?
A. Maximizing social welfare through government intervention in the economy.
B. Achieving economic efficiency through competition.
C. Encouraging exports and limiting imports to build up a nation’s wealth.
D. Emphasizing the importance of agriculture as the foundation of the economy.
Answer:D
MC29. What was the focus of the physiocratic school of economic thought?
A. Maximizing social welfare through government intervention in the economy. B. Achieving economic efficiency through competition. C. Encouraging exports and limiting imports to build up a nation’s wealth. D. Emphasizing the importance of agriculture as the foundation of the economy.