Seen vs. unseen

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Seen vs. unseen

An exercise to develop your understanding of the first three parts of Frederic Bastiat's 'What is and What is not Seen'.

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What, according to Bastiat, is the mark of a good economist?

2 points

They understand the visible effect of an action

The understand the unseen consequences of an action

They do both

They poresee what future actions will be undertaken

Clear selection

Which of the following tends to be the case?

4 points

Bad

Good

Immediate effects of a policy

Ultimate effects of a policy

Clear selection

If a child smashes a window pane, what is the seen effect?

2 points

The glazer receives 6 francs to replace it

A shoemaker receives 6 frances for new shoes

Clear selection

If a child smashes a window pane, what is the unseen effect?

2 points

The glazer doesn't receive 6 francs to replace it

A shoemaker doesn't receive 6 frances for new shoes

Clear selection

What is the net economic effect

2 points

6 francs of economic trade

More economic production

Less utility

Higher living standards

Clear selection

Who benefits from destruction?

2 points

Consumers

Some producers

All producers

Clear selection

What is the cost of an army?

2 points

The value of the labour that soldiers could do in other jobs

The value of public spending that could have gone elsewhere

The achievements of national security

The increases in skills due to military training

Clear selection

What, according to Bastiat, is a bad reason for taxation?

2 points

It funds public services

It increases the wealth of public servants

It creates jobs for public servants

Clear selection

Where, in Bastiat's account, does the money come from to pay for a public body?

2 points

General taxation

Glazers

A ditch digger

Consumers

Clear selection

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