The father of classical political economy was
A) John Maynard Keynes.
B) Adam Smith.
C) David Ricardo.
D) Karl Marx.
Correct Answer:
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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)
Q8: Adam Smith is associated with economic liberalism.
Q9: The new economy of capitalism was accompanied
Q11: The individual credited with taking Adam Smith
Q12: On international trade, David Ricardo is associated
Q13: National specialization allows for reaping the benefits
Q14: The dominant international economic understanding in Europe
Q15: The spread of the capitalist political economy
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