The term "laissez-faire economy" is a synonym for a) command economy b) free market economy c) protectionism policy d) slavery e) none of the above . Advantages of free market system were most actively defended by a) mercantilists and J.M.Keynes b) S. de Sismondi and P.J.Proudhon c) A.Smith, D.Ricardo, J.-B. Say d) medieval scholasts and J.St.Mill e) K.Marx Agriculture was considered to be the only productive sector of economy by a) W.Petty, F.Bastiat, F.List b) mercantilists, A.R.Turgot, D. Ricardo c) P.Boisguillebert and physiocrats d) Th.Mun, A.Marshall, C.Menger e) A.Smith, James Mill, M.L.Walras J.-B.Say pointed out as A.Smith's essential error: a) belief in "natural order" in economy b) the term "invisible hand" c) labour theory of value d) attacks on mercantilism e) interpretation of value as the sum of incomes The law of diminishing marginal product (diminishing returns) was introduced to economic theory by a) R.Cantillon b) Aristotle c) W.S.Jevons d) A.Marshall e) J.B.Clark Assertion about impossibility of a general crisis (glut) is known as a) Say's law b) mercantilism c) monetarism d) theory of surplus value e) marginalism ||