Sample question for test 1!!

[Lily (Ngoc Linh) Tran]

---------- Forwarded message ----------
From: Bernasek,Alexandra <Alexandra...@colostate.edu>
Date: Wed, Jun 8, 2011 at 8:06 AM
Subject: Re: About class in FTU
To: "Lily (Ngoc Linh) Tran" <linht...@gmail.com>


Thanks!  Also, I wanted to send out some questions that will give you and idea of the test.  Here are some questions that you can also send on to the students:

1.  What distinguishes Pre-Political Economic Thought from Political Economic Thought and Economic Thought?
2.  Explain the concept of "wealth" held by the Mercantilist writers like Thomas Mun.
3.  Explain how Mun thought that a nation could increase it's wealth through foreign trade.
4.  What did the physiocrats believe to be the source of surplus in the economy?
5.  Explain the purpose of Quesnay's Tablaeu Economique.
6.  Define the Division of Labor (DOL)and the factors that give rise to the DOL.
7.  Explain the "virtuous cycle" that Smith sees between the DOL and the extent of the market.
8.  What is the importance of Smith's belief in sympathy as part of human nature?
9. What roles do "self-interest" and "competition" play in the market system?
10.  Explain the trajectory of the market system in terms of Smith's Laws of Accumulation and Population.

Thanks!   Alex

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