Question Description
In the attachment below are the articles.
Question 1:
Explain the economic ideas of the mercantilists (in 150 words).
Question 2:
Explain the economic ideas of the physiocrats (in 150 words).
Question 3
Explain why the goal of a society, production or consumption, has important implications for analysis and policy (about 200 words).
Question 4
Contrast and compare Adam Smith’s and the mercantilists’ views on the nature and causes of the wealth of nations (in 200 – 250 words).
Question 5
Please choose one Nobel economics laureate and describe his or her major contributions (in 150-200 words). You can find more information from Nobel Organization.
https://www.nobelprize.org/prizes/economics/
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