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You must put the letter (a or b or c) that corresponds to the chosen answer for each question in the table below. Only the table will be taken into consideration for grading. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |---|---|---|---|---|---|---|--...

You must put the letter (a or b or c) that corresponds to the chosen answer for each question in the table below. Only the table will be taken into consideration for grading. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ### Questions 1. "Economic thought is the sum total of all opinions and desires concerning economic subjects especially concerning with public policies of different times and places" this definition is given by... * a) Haney; * b) Schumpeter; * c) François Quesnay 2. Smith, Malthus, Ricardo and Mill belong to which school of economic thought? * a) Physiocrats; * b) Classical Economics; * c) Keynesian school 3. Karl Marx belonged to which school of thought * a) Capitalism; * b) Mercantilism; * c) Socialism 4. Which economist introduced the concept of the "invisible hand" in economics? * a) Adam Smith * b) John Maynard Keynes * c) David Ricardo * d) Karl Marx 5. Inequality in distribution of wealth, class division and labour exploitation were ideas Promoted by... * a) Classical Economists; * b) Socialists; * c) Keynesian economists 6. According to the Code of Hammurabi, what role did merchants play in international relations? * a) The merchant engaged in international trade and even acted as a diplomat abroad * b) They were required to obtain special permission from the government before traveling abroad. * c) They were only allowed to trade within the borders of Mesopotamia. 7. Fiscal policy, role of aggregate demand in determining output and reducing unemployment were ideas Promoted by... * a) Socialism; * b) Keynesian economics; * c) Classical economists 8. Essay on the principle of population was written by * a) Adam Smith; * b) Thomas Robert Malthus; * c) David Ricardo