Adam Smith is associated with economic liberalism. John Locke is associated with
A) economic conservatism.
B) mercantilism.
C) protectionism.
D) political liberalism.
Correct Answer:
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Q3: Church teachings in the Middle Ages held
Q4: The total aggregate of goods and services
Q5: Gross Domestic Product (GDP) equals
A) GNP (i.e.,
Q6: Max Weber observed that the rise of
Q7: Mercantilism was dependent on
A) exploitation of labor.
B)
Q9: The new economy of capitalism was accompanied
Q10: The father of classical political economy was
A)
Q11: The individual credited with taking Adam Smith
Q12: On international trade, David Ricardo is associated
Q13: National specialization allows for reaping the benefits
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