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Q 1/30
Score 0
Which of the following scholars presented the theory of exploitation and tried to take the Smithian and Ricardian labor theory of value to its logical conclusion?
30
Karl Marx
Al-Dimashqi
Joseph Schumpeter
Carl Menger
Q 2/30
Score 0
Imam Shafi'i is talking about changes in the value of a commodity due to demand and supply. What economic concept does this relate to?
30
distribution of income
demand and supply role in price determination
cost of production
productivity
30 questions
Q.
Which of the following scholars presented the theory of exploitation and tried to take the Smithian and Ricardian labor theory of value to its logical conclusion?
1
30 sec
Q.
Imam Shafi'i is talking about changes in the value of a commodity due to demand and supply. What economic concept does this relate to?
2
30 sec
Q.
Which scholar opposed the administrative price fixation?
3
30 sec
Q.
What terminology relates to the statement that a poor man values a dinar more than a rich man due to their differing economic conditions?
4
30 sec
Q.
What does 'forestalling' mean in economic terms?
5
30 sec
Q.
Which determinant of demand did Ibn Khaldun note? Choose TWO.
6
30 sec
Q.
Who discussed the labor theory of value?
7
30 sec
Q.
This statement: 'Consumer will choose a combination of goods to maximize their total utility' defines which economic term?
8
30 sec
Q.
Which of the following are not the categories of productive activities classified by al-Shaybani?
9
30 sec
Q.
Which Muslim scholar glorified agriculture as the top of all economic activities?
10
30 sec
Q.
What should something adopted as money be according to Ahmad bin Hanbal?
11
30 sec
Q.
What is a major problem associated with barter exchange?
12
30 sec
Q.
Which scholar is NOT known for discussing money as a medium of exchange?
13
30 sec
Q.
What is meant by a bimetallic standard?
14
30 sec
Q.
Which characteristic does NOT define gold as money?
15
30 sec
Q.
What are the two important functions of money mentioned by Ibn Taymiyah?
16
30 sec
Q.
Which philosopher does NOT express ideas about money based on Aristotleās concept of money as a common denominator?
17
30 sec
Q.
What does the Prophet Muhammad (pbuh) say about breaking coins?
18
30 sec
Q.
What is Gresham's Law?
19
30 sec
Q.
What is one effect of debasement and counterfeiting of currency?
20
30 sec
Q.
What is al-hisbah?
21
30 sec
Q.
According to Al-Mawardi, which verse of the Quran indicates the origin of al-hisbah?
22
30 sec
Q.
Which of the following is NOT a state responsibility?
23
30 sec
Q.
Which Muslim scholar became inclined towards laissez-faire policy?
24
30 sec
Q.
Which tax was inherited from the Persian rulers and later adopted by the second caliph Umar al-Khattab?
25
30 sec
Q.
Why was fixed land tax replaced by proportional agricultural tax?
26
30 sec
Q.
According to Abu Yusuf, rates of poll tax and land tax are subject to what?
27
30 sec
Q.
Which Muslim scholar opposed tax farming (qabalah)?
28
30 sec
Q.
What is ghanimah?
29
30 sec
Q.
Which of the following scholars introduced a Laffer Curve?
