Question

Texts: 8) For Adam Smith, international trade can promote the material wealth of some nations through: a) The international division of labor; specialized countries in those goods where it is produced at the best relative cost; b) Specialization or division of labor is promoted; c) A democratic government and electoral participation are promoted; d) The State avoids monopolies; e) all 11) Regarding monopolies, and under the thesis of Adam Smith. a) Monopolies are good for promoting specialization or division of labor; b) Monopolies promote a democratic government and electoral participation; c) Monopolies are always seen on the negative side because they do not support competition, low prices, and prosperity; d) Monopolies are always contrary to the best allocation of resources and the State should avoid them. e) all 12) Adam Smith was always against state intervention, no matter the area of responsibility that could correspond to the Government as a productive entity: a) true; b) false; d) none 13) The one who coined the term capitalism for the production model under the Industrial Revolution was: a) Adam Smith; b) David Ricardo; c) Karl Marx; d) John Nash; e) none 14) Adam Smith was against the collective interest or gave little appreciation because his emphasis was on personal interest. a) true; b) false; d) none 15) Adam Smith showed great respect for the merchant class as well as credibility in his proposals for economic prosperity: a) true; b) false; d) none. 16) Adam Smith believed that individual interest leads to collective interest, and in the book, he confirms this attitude: a) true; b) false; d) none 17) Since the Depression of 1930, the paradigm of State intervention with respect to macroeconomic imbalances in the economy: a) changed to the extent that this intervention was used to ensure the stability of macroeconomic imbalances—recession, inflation, deflation, etc.—in the economy; b) did not change because the State already had the role of providing education, health, infrastructure, etc. c) It never materialized because the State does not intervene to stabilize the imbalances; d) none

          Texts: 

8) For Adam Smith, international trade can promote the material wealth of some nations through:
a) The international division of labor; specialized countries in those goods where it is produced at the best relative cost;
b) Specialization or division of labor is promoted;
c) A democratic government and electoral participation are promoted;
d) The State avoids monopolies;
e) all

11) Regarding monopolies, and under the thesis of Adam Smith.
a) Monopolies are good for promoting specialization or division of labor;
b) Monopolies promote a democratic government and electoral participation;
c) Monopolies are always seen on the negative side because they do not support competition, low prices, and prosperity;
d) Monopolies are always contrary to the best allocation of resources and the State should avoid them.
e) all

12) Adam Smith was always against state intervention, no matter the area of responsibility that could correspond to the Government as a productive entity: 
a) true;
b) false;
d) none

13) The one who coined the term capitalism for the production model under the Industrial Revolution was: 
a) Adam Smith;
b) David Ricardo;
c) Karl Marx;
d) John Nash;
e) none

14) Adam Smith was against the collective interest or gave little appreciation because his emphasis was on personal interest. 
a) true;
b) false;
d) none

15) Adam Smith showed great respect for the merchant class as well as credibility in his proposals for economic prosperity: 
a) true;
b) false;
d) none.

16) Adam Smith believed that individual interest leads to collective interest, and in the book, he confirms this attitude: 
a) true;
b) false;
d) none

17) Since the Depression of 1930, the paradigm of State intervention with respect to macroeconomic imbalances in the economy:
a) changed to the extent that this intervention was used to ensure the stability of macroeconomic imbalances—recession, inflation, deflation, etc.—in the economy;
b) did not change because the State already had the role of providing education, health, infrastructure, etc.
c) It never materialized because the State does not intervene to stabilize the imbalances;
d) none

Added by Margaret R.

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