INTERNATIONAL STUDIES TEST #5

WHO WAS THE INTERLLECTUAL FATHER OF MERCANTILIST THOUGHT?

• KARL MARX

• FRIEDRICH LIST

• ADAM LIST

• JOHN ADAMS

FRIEDRICH LIST'S WORK IS BEST KNOWN ON THE SUBJECT "THE NATIONAL SYSTEM OF POLITICAL ECONOMY" PUBLISHED FIRST IN 1842

• TRUE

• FALSE

THE WRITINGS OF _________WHOSE AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONSOR WEALTH OF NATIONS, WAS PUBLISHED IN ________.

KARL MARX PUBLISHED HIS FAMOUS WORK, ______________.IN 1867.

• THE GREAT MANIFESTO

• DAS LINGOS SUPRANO

• DAS CAPITAL

• LOS LUPES

THE ORIGIANL MERCANTILIST BELIEVED THAT A COUNTRY'S ECONOMIC PROSPERITY CAME FROM ITS STOCKS OF PRECIOUS METALS,AND THAT THE BEST WAY TO INCREASE THESE STOCKS WAS TO LIMIT IMPORTS THROUGH TARIFFS AND OTHER PROTECTIONIST POLICIES, WHLE MAXIMIZING EXPORTS, THUS CREATING A TRADE SURPLUS DESPITE ITS RELATIVELY OLD BEGINNINGS, MERCANTILISM IS FAR FROM A MORIBUND TRADITION.

• TRUE

• FALSE

THE EMPHASIS ON HOLDING PRECIOUS METALS WAS REPLACED BY HOLDING __________ __________ ________.

• FOREIGN EXCHANGE RESERVES

• FEDERAL BANK RESERVES

• INFANT INDUSTRY PROTECTION

• JAPANESE FORIEGN EXCHANGE

THE NEWER FORM OF MERCANTILISM IS MUCH MORE STRONGLY CONCERNED WITH DEVELOPING A COUNTRY'S DOMESTIC MANUFACTURING CAPACITY: THIS LED TO A STRONG EMPHASIS ON INFANT INDUSTRY DEVELOPMENT.

• TRUE

• FALSE

GDP IS ______ ______ _______.

• GRAND DOMESTIC PRODUCTS

• GROSS DEPOSITS PRODUCTION

• GROSS DOMESTIC PRODUCT

• GREAT DEPOSIT PRODUCTIVITY

___________ IS USED TO ESTIMATE THE SIZE OF THE U.S. ECONOMY.

• GROSS NATIONAL PRODUCT

• GROSS DOMESTIC PRODUCT

• JAPANESE DOMESTIC CURRENCY

• PER CAPITA RATIO

GROSS DOMESTIC PRODUCT IS CALCULATED AS THE VALUE OF ALL GOODS AND SERVICE PRODUCED IN THE WORLD.

• TRUE

• FALSE