ECO324
According to Ibn Khaldun (1958), two different kinds of social milieu have characterized human development, the “umran al-badouri( ) and the 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
Answer: protectionism
Which of the following is associated with mercantilism?
Answer: bullion
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
Answer: agricultural
Aristotle was the student of to Alexander, the great. and
Answer: plato/tutor
Which of the following is NOT a critique of mercantilism?
Answer: their ideas about capital and interest were perfect
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