Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing Schools Business

Features Pricing Schools Business

Economic Theories: Mercantilism and Protectionism

18 Questions

0 Views

Economic Theories: Mercantilism and Protectionism

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What was the prevailing economic theory of the state before 1776?

Liberalism

Mercantilism (correct)

Protectionism

Marxism

According to Robert Gilpin, what are the two forms of mercantilism?

Defensive and Aggressive (correct)

Nationalist and Globalist

Liberal and Marxist

Capitalist and Socialist

What is the primary goal of mercantilism, according to the text?

To promote free trade

To eliminate monopolies

To build a strong state (correct)

To protect individual rights

What is the relationship between economic strength and military-political power, according to mercantilism?

They are complementary (C) Signup and view all the answers

What is the outcome of the international system, according to mercantilism?

A zero-sum game (A) Signup and view all the answers

What is the main difference between mercantilism and liberalism, according to the text?

Liberals believe states can choose between economic and military power (A) Signup and view all the answers

According to Marxist theory, what is the driving force of human society?

Economic class (A) Signup and view all the answers

What is a problem associated with free markets, according to the text?

Creation of monopolies (C) Signup and view all the answers

What is the title of the book written by Karl Marx and Friedrich Engels?

The Communist Manifesto (B) Signup and view all the answers

What is a consequence of companies using 'free goods' such as air and fresh water?

Shortages and pollution (B) Signup and view all the answers

What is a criticism of free markets, according to the text?

They create a large underclass of very poor (B) Signup and view all the answers

What is the main idea of Marxist theory in relation to human nature?

Humans are naturally inclined to work together peacefully (C) Signup and view all the answers

According to Marxist Theory, what is the primary motivation behind wars?

Profit for the wealthy class (C) Signup and view all the answers

What is the main argument of Dependency Theory?

Countries cannot develop if wealthy countries invest in them and control their businesses. (A) Signup and view all the answers

According to Marxist Theory, what is the ultimate outcome of the class struggle?

The spread of communism. (C) Signup and view all the answers

What is the main critique of liberalism and realism in Marxist and World Systems Theories?

They underestimate the role of wealth and who controls it. (C) Signup and view all the answers

According to World Systems Theory, how do countries interact with each other?

Each country acts according to its position in the economic system. (C) Signup and view all the answers

What is the primary driver of human behavior according to Marxist Theory?

The drive for wealth (B) Signup and view all the answers