2020_1 TMA2 Questions & Answers: ECO324 - History of Economic Thought
According to Ibn Khaldun (1958), two different kinds of social milieu have characterized human development, the â€œumran al-badouri
( )â€? and the â€œumran
alhadhari ( ).
Answer: nomad civilization/urban civilization
What term best describe economic policy of restraining trade between nations., through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports and anti-dumping laws
Which of the following is associated with mercantilism?
The physiocratic philosophy was based upon some concepts. Which of the following is NOT one of them?
Answer: gross product
On the revenue side,
regarded the tax on rent as the most suitable source of public revenue
Answer: william petty
The three countries described as neomercantilist are?
Answer: china, japan and Singapore
Which of the following does NOT best describe mercantilism?
Answer: a narrow pattem of economic policy
Another name for physiocracy is the System
Aristotle was the student of
to Alexander, the great.
Which of the following is NOT a critique of mercantilism?
Answer: their ideas about capital and interest were perfect
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