C - University of Lali Bon in general - Khamis Melanie -
University year : 2023 - 2024
Faculty of Economic, Commercial and Management
Sciences Duration: One and a half hours
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A remedial exam in the history of economic
thought scale
(First year of Bachelor’s degree - Branch 2)
Firstly : Choose the correct answer from the following
suggestions: (12 n)
1 - Evidence of the existence of economic thought in
the Babylonian civilization:
(A) The invention of paper (B) Economics is the science of
managing a home from an economic standpoint (C) The Code
of Hammurabi (D) Economic theories (E) No answer
2 - Evidence of the existence of economic thought in
Greek civilization:
(A) The invention of paper (B) Economics is the science of
managing a home from an economic standpoint (C) The Code
of Hammurabi (D) Economic theories (E) No answer
3- Among the most prominent classical thinkers who
contributed to the history of economic thought:
(A) Marshall (B) Adam Smith (C) Plato (D) David Ricardo
4 - Plato named his state (city) as:
(A) The developed state (B) The ideal state (C) The
prosperous state (D) The modern state (E) All of the above (F)
No answer
5 - Among the financial policy tools that Keynes
proposed to reduce the recession are:
(A) Reducing production (B) Raising wages (C) Increasing
public spending (D) There is no answer
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6 - To achieve economic growth, merchants propose a
set of principles:
(a) Opening colonies (b) Relations with countries (c) Lack of
interest in agriculture
7 - Among the works of François Quenay, founder of
the Physiocratic School, is a book entitled:
(A) Production function (B) Utility function (C) Economic
schedule (D) Elasticity
8 - The school of economic thought that emphasizes
the role of governments in controlling circulating
funds is:
(A) The Classical School (B) The Monetary School (C) The
Keynesian School
9- The neoclassical theory of value says that the value
of goods is determined by:
(A) Work (B) Benefit (C) Cost (D) No answer
10 - Wealth, according to the Physiocrats, is
represented by:
(A) Precious metal (B) Agriculture (C)
Increasing production (D) No answer
11- Among the pioneers of Keynesian thought we find:
(A) Leon Walras (B) David Ricardo (C) Maynard Keynes
(D) Milton Friedman
12 - Among the most prominent contributions of
merchants to the history of economic thought:
(A) Minting money, i.e. increasing the money supply (B)
Searching for increasing wealth and how to distribute it (C)
Ibn Khaldun (D) All of the above (E) No answer
secondly : Answer the following questions within the
space available. (08 n)
1- Briefly explain only three of the following terms:
Mercantilism, merchant capitalism, Gresham's law,
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feudalism, marginal cost, individual property, production
function, elasticity, and just price.
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2- What is meant by the theory of surplus value according to
the economic thinker Karl Marx? (Explain it and give an
example.)
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3- What are the most important ideas and principles on which
commercial or mercantilist thought is based? (Mention it
briefly without explanation)?
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With my wishes for your success - Dr. Muammar
Ghadawiya
