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Explain why Mercantilist School promoted favorable trade and colonization as a way to increase the wealth of nation. (15 marks) Explain Malthus and Ricardo's position
- Explain why Mercantilist School promoted "favorable trade" and "colonization" as a way to increase the wealth of nation.(15 marks)
- Explain Malthus and Ricardo's "position" on the implementation of corn laws by referring to the "policy implication" from their theories (theory of general gluts and theory of income distribution).(15 marks)
- Compare and contrast the impacts of "Corn Laws" on two different groups (landlord VS working class, merchant and industrial capitalists).(10 marks)
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
