10 Jul Discuss the economic      system of Mercantilism and how nat

Discuss the economic      system of Mercantilism and how nations would gain their wealth. [2      Points] How does Adam Smith see      how a nation builds its wealth? [2 Points] Why does Adam Smith view      trade barriers as a hindrance to building true wealth? [2      Points] What does Adam Smith mean      by “National Liberty”? [2 Points] According to Adam Smith,      what role should the government play in the economy? [2 Points] What is the Invisible Hand      and what is its importance to the benefits of capitalism? [3      Points] What is meant by laissez      faire? [2 Points] What does Say mean that      the economy is a qualitative, not quantitative science? [2      Points] According to Say, what      ultimately determines the value of a good or service? [2      Points] What is Say’s “Law of      Markets”? [2 Points] How does the Law of      Markets help push the economy of a nation? [2 Points] According to Say, what is      important to economic growth? [2 Points] What does Bastiat mean by      legal plunder and false philosophy? [3 Points] Discuss Malthus’s view on      population and resources and whether he was right in his views. [3      Points] Discuss Malthus Law of      Diminishing Returns. [2 Points] What are Simon’s views on      Malthus’s population and resources laws? [3 Points] What does Ricardo mean      when he says he is in favor of hard money? [2 Points] What is Ricardo’s Law of      Comparative Advantage? [2 Points] Explain Bentham’s      Utilitarianism. [2 Points] Under Mill’s view of      Utilitarianism, what is the role of the government? Provide an example by discussing how a      new law would be or would not be implemented? [3      Points] How is Mill’s view of      Utilitarianism differ from Bentham’s? [2 Points]  What is Mill’s concern      regarding a pure Utilitarian government? [2 Points]  What is Mill’s view of      Liberty? [2 Points]  What is Mill’s view on      representative government? [2      Points]  According to Marginalist      economists like Menger, discuss their view on the power of the      consumer. [2 Points] Discuss the Marginal      Principle of Value. [3 Points] Discuss Menger’s Structure      of Production. [2 Points] Discuss the theory of      Imputation [2 Points] What is meant by the      prices and costs are determined at the margin? [2      Points] Discuss the theory of      Subjective Value. [2 Points] What is the principle of      Marginal Utility? [3 Points] In Plato’s view of the      Ideal State, discuss how citizens must conform so the state can reach its      ideal form. [2 Points] Explain Plato’s view of      justice. [2 Points] In Plato’s Republic, he      discusses the 3 classes of citizens. Discuss EACH class in detail. [3      Points] According to Aristotle,      what is the role of politics in the economy? [2      Points] Discuss Aristotle’s view      of community. [2 Points] Compare and Contrast Plato      and Aristotle on who should rule the polis. [3      Points] Discuss which form of      government Aristotle thought would be the best. [2      Points] Discuss what Cicero calls      stoicism. [2 Points] Discuss Cicero’s views on      equality and the conflicts he has with his views? [3      Points] Discuss why Cicero feels a      commonwealth is the best form of government. [2      Points] What is Cicero’s view on      pure regimes and discuss his alternatives to them. [3      Points] According to Augustine,      what is the purpose of government? [2 Points]   In Augustine’s view, what      is the role of the subject to the ruler and how is the ruler judged? [3      Points]      at is Augustine’s view      of human law? [2 Points]   ,