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Economics An Introduction
Quiz 8: Classical Liberalism Defense of Industrial Capitalism
Path 4
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Question 1
Short Answer
Whats defention of terms: -division of labor
Question 2
Short Answer
Whats defention of terms: -inert
Question 3
Short Answer
Whats defention of terms: -laissez-faire
Question 4
Short Answer
Whats defention of terms: -psychological hedonism
Question 5
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -List and explain the four assumptions made by classical liberals about human nature.
Question 6
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -What did this doctrine imply about the motivations of workers and how they should be treated? What did it imply about the motivations of higher ranks of individuals?
Question 7
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -Compare and contrast the ideology of the classical liberals with that of those supporting Christian paternalism.
Question 8
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -How did classical liberals bridge the gap between egotistic humans who would only harm society if not for government and the need for an unfettered capitalist system?
Question 9
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -How do Smith and Hobbes differ in their views of the outcome of human competitiveness?
Question 10
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -What is the "invisible hand" of Adam Smith and how does it work?
Question 11
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -What does Adam Smith mean by division of labor? Why is this concept important?
Question 12
Essay
Understand the ideological basis for classical liberals to advocate for free trade and a minimum of government intervention. -What three functions did classical liberals, and Adam Smith in particular, think that government should be responsible for? How did these three functions provide an additional advantage to the capitalists?
Question 13
Essay
Explain Thomas Malthus's Theory of Population and how it impacts society today. -Malthus is often credited with giving economics the reputation of being the "dismal science." Why?
Question 14
Essay
Explain Thomas Malthus's Theory of Population and how it impacts society today. -Compare the rates of growth for the population and the rate of grown for food. What is the outcome of this difference?