2 Who was last in chronological sequence? A Aristotle B Francisco de Vitoria C P

Question

2 Who was last in chronological sequence? A Aristotle B Francisco de Vitoria C Plato D Thomas Aquinas E Xenophon exchange? Who distinguished between value in use and value in A Aristotle B Adam Smith 3. Karl Marx D All three writers made this distinction C 4. Which doctrine was least protectionist? A bullionism cameralism Colbertism mercantilism C D E physiocracy 5. Identify the author of this passage. "A Spacious Hive well stockt with Bees, That liv'd in Luxury and Ease And yet as fam'd for Laws and Arms, As yielding large and early Swarms; Was counted the great Nursery Of Sciences and Industry No Bees had better Government, More Fickleness, or less Content: They were not Slaves to Tyranny, Nor rul'd by wild Democracy But Kings, that could not wrong, because Their Power was circumscrib'd by Laws." A Adam Smith B Bernard Mandeville C David Hume D Francis Hutchison E Thomas Paine 6. Exponents of some sort of time preference theory of interest include A Anne Robert Jacques Turgot B C D Ferdinando Galiani the School of Salamanca all of the above

Explanation / Answer

1) B- Francisco Di Vitoria. He died in 1546, spanish theologian.

2) C- Karl Marx distinguised between exchange-value and use-value. This explains the usefulness of the commodity vs exchange equivalent by which the commodity is compared with other objects.

3) Mercantilism According to this doctrine, maximising net exports through trade with other nations is the best route for national prosperity

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