5 Questions
Which theory of international trade and comparative advantage was developed prior to Adam Smith?
Mercantilism
Which theory of economic growth suggests that there are no limits to growth?
The New "New" Economy
What does GDP growth primarily depend on?
Higher labor productivity
What does productivity primarily depend on?
Labor
What was the measure of national wealth during the period of mercantilism?
Precious metals (gold)
Test your knowledge on the development and failure of countries, the importance of trade, and various models and theories of international trade. Explore topics such as mercantilism, the measure of national wealth, and classical and dynamic approaches to trade. Challenge yourself with questions on influential thinkers like Adam Smith and explore growth models like the East Asia Growth Model.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
