The term laissez-faire economy is a synonym for a) command economy b) free market economy c)...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The term "laissez-faire economy" is a synonym for a) command economy b) free market economy c) protectionism policy d) slavery e) none of the above . Advantages of free market system were most actively defended by a) mercantilists and J.M.Keynes b) S. de Sismondi and P.J.Proudhon c) A.Smith, D.Ricardo, J.-B. Say d) medieval scholasts and J.St.Mill e) K.Marx Agriculture was considered to be the only productive sector of economy by a) W.Petty, F.Bastiat, F.List b) mercantilists, A.R.Turgot, D. Ricardo c) P.Boisguillebert and physiocrats d) Th.Mun, A.Marshall, C.Menger e) A.Smith, James Mill, M.L.Walras J.-B.Say pointed out as A.Smith's essential error: a) belief in "natural order" in economy b) the term "invisible hand" c) labour theory of value d) attacks on mercantilism e) interpretation of value as the sum of incomes The law of diminishing marginal product (diminishing returns) was introduced to economic theory by a) R.Cantillon b) Aristotle c) W.S.Jevons d) A.Marshall e) J.B.Clark Assertion about impossibility of a general crisis (glut) is known as a) Say's law b) mercantilism c) monetarism d) theory of surplus value e) marginalism || The term "laissez-faire economy" is a synonym for a) command economy b) free market economy c) protectionism policy d) slavery e) none of the above . Advantages of free market system were most actively defended by a) mercantilists and J.M.Keynes b) S. de Sismondi and P.J.Proudhon c) A.Smith, D.Ricardo, J.-B. Say d) medieval scholasts and J.St.Mill e) K.Marx Agriculture was considered to be the only productive sector of economy by a) W.Petty, F.Bastiat, F.List b) mercantilists, A.R.Turgot, D. Ricardo c) P.Boisguillebert and physiocrats d) Th.Mun, A.Marshall, C.Menger e) A.Smith, James Mill, M.L.Walras J.-B.Say pointed out as A.Smith's essential error: a) belief in "natural order" in economy b) the term "invisible hand" c) labour theory of value d) attacks on mercantilism e) interpretation of value as the sum of incomes The law of diminishing marginal product (diminishing returns) was introduced to economic theory by a) R.Cantillon b) Aristotle c) W.S.Jevons d) A.Marshall e) J.B.Clark Assertion about impossibility of a general crisis (glut) is known as a) Say's law b) mercantilism c) monetarism d) theory of surplus value e) marginalism ||
Expert Answer:
Related Book For
Discrete Mathematics and Its Applications
ISBN: 978-0073383095
7th edition
Authors: Kenneth H. Rosen
Posted Date:
Students also viewed these accounting questions
-
Background: Nackawic, New Brunswick was considered to be Canadas forestry capital in 1991. A small yet thriving community of approximately 7000 people relied on the performance of the St. Anne Pulp...
-
In Figure, R = 15.0, C = 4.70F, and L = 25.0 mH. The generator provides an emf with rms voltage 75.0 V and frequency 550 Hz. (a) What is the rms current? What is the rms voltage across? (b) R, (c) C,...
-
James Hughes Company established a petty cash fund on May 1, cashing a check for $100.The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $2.75....
-
Suppose you come from a part of the world that is blessed with abundant water. Demand never comes close to the available amount. Should you be careful about the amount you use or should you simply...
-
Shirley McLeod was hired by Valley Media in 1998 to fill a position described as OperationsGeneral Warehouse, which consisted of stocking videocassettes in a warehouse and involved long periods of...
-
Ruth Strand's regular hourly wage rate is $22, and she receives an hourly rate of $33 for work in excess of 40 hours. During a January pay period, Ruth works 47 hours. Ruth's federal income tax...
-
How is the surprise announcement by Jerome Powell to reduce benchmark interest rates in the United States by one full percentage point to mitigate the economic impact of the COVID-19 pandemic...
-
The income statement of Fezzik's Shoe Repair is as follows: On April 1, the Owner's Capital account had a balance of $12,900. During April, Fezzik withdrew $3,000 cash for personal use. Prepare...
-
A conducting sphere of 4.0 cm radius has a cavity of 1.0 cm radius (sharing the same center). The conducting sphere has a total charge of + 15 nC. In addition, a - 12.0 nC point charge is located at...
-
The finance director of RM plc is considering several investment projects and has collected the following information about them. Projects D and E are mutually exclusive. The capital available for...
-
016 sec 1- m/Frame/Component/CoursePlayer?enrollmentid=48651766 (06.04 MC) Find the x value for point C such that AC and BC form a 2:3 ratio. (5 points) A 06 -4-3-2-1 6 5 -0.6 4 -2.4 -2 3 D Ar N. 2 B...
-
Bill Gates total excess performance was 3% . His pure selection score was 0% and his interaction effect was 6% . It appears Mr. gates is a pretty good apartment investor and understands his...
-
What differentiates the Original Constitution from the Founders' Constitution?
-
3. Determine the horizontal deflection of point E (at the middle of the beam) and the vertical deflection of point D. (E= 2x107 kN/m, 1=0.01 m) 50 kN 10kN/m C 20 kN/m 4 m 21 E 5m I 21 D B muhim * 2mX...
-
Describe the key roles of Financial Analysis as it relates to evaluating projects and equipment purchases.
-
Match the following terms with their definitions (not every letter is used) 1. 2. 3. 4. 5. Outstanding stock Paid-in Capital Authorized stock Treasury stock Issued stock a. The earnings not paid out...
-
On March 31, a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $5,000 Net...
-
A bar of length = 1 has one fixed and one free end and stiffness function c(x) = 1 - x. Find the displacement when subjected to a unit force. Pay careful attention to the boundary condition at the...
-
Show that a) = x x. b) xy = (x x) (y y). c) x + y = (x y) (x y).
-
A says "I am the knight," B says "I am the knave," and C says "B is the knight."
-
Arrange the functions nn, (log n)2, n1.0001, (1.0001)n, 2log2 n, and n(log n)1001 in a list so that each function is big-O of the next function.
-
Victoria has studied the information you gave her in that exercise and has come to you with more statements about corporations. 1. Corporation management is both an advantage and a disadvantage of a...
-
Which of the following is true? a. In the United States, the primary corporate shareholders are financial institutions. b. Share capital means total assets under GAAP. c. Under both IFRS and GAAP,...
-
The following terms pertain to the forming of a corporation: (1) charter, (2) by-laws, and (3) organization costs. Explain the terms.
Study smarter with the SolutionInn App