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David Ricardo
David Ricardo
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Answers
1
He asserted that there was a link between the volume of bank notes and the level of_____
taxes
wellbeing
prices
living
2
Ricardo was a landowner who was profiting from the rising rents
False
True
3
His family emigrated from _______ to England
Switerland
Austria
the Netherlands
Spain
4
David Ricardo was born
in the 19th century
in the 17th century
in the 16th century
in the 18th century
5
He acquired a fortune, which allowed him to pursue interests in literature and science, particularly in
music
chemistry
astrology
linguistics
6
Ricardo and Malthus presented Principles of
macroeconomics
microeconomics
Political Economy
sociology
7
Which of the below is Ricardo's assumption?
There is no competition in the economy
There is difference in the fertility of land
Demand for agricultural products doesn't increase with population growth
Land has original and indestructible powers of soil
8
David Ricardo was the 3rd son out of
5
17
13
7
9
His first published work was
Laissez Faire
The High Price of Bullion
New Economy
Free market and trade
10
According to Ricardo________ is a reward for the services of land which is fixed in supply
trade
tax
rent
salary
11
By the time he was 21, he had broken with his father over....
sports
their belongings
religion
politics
12
Ricardo had deep knowledge of gold, silver and ....
foreign exchange
chemistry
theater
cooking
13
Ricardo built in part upon the work of
Karl Marx
Keynes
Schumpeter Folder
Adam Smith
14
David Ricardo’s trade theory is still the basis of the modern _______views.
conservative
mainstream
progressive
15
David Ricardo is...
German
British
Spanish
Colombian
16
Even authors critical of Ricardo admit of his expertise as a stock jobber (1793–1818) and later as a ______
teacher
loan contractor
dentist
biologist
17
2 countries can both benefit from trade even if 1 country is more efficient at producing everything
This is the theory of "Absolute Advantage"
This is the theory of "Production Possibility Frontier"
This is the theory of "opportunity-cost"
This is the theory of "comparative advantage"
18
In 1819 Ricardo purchased a seat
in the House of Commons
In French parliament
in the Ministry of Education
in the Council of London
19
In 1823, Ricardo died suddenly of
heart attack
an ear infection
an eye infection
accident
20
In Principles of Political Economy and Taxation, Ricardo concluded
free market is not applicable
profits don't vary inversely with wages
free market is not possible in England
profits vary inversely with wages
21
Intensive Cultivation was followed
Germany
in England
India
China