Economic Thought
Description: This quiz will test your knowledge of Economic Thought. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: economics economic theory economic thought |
Who is considered the father of economics?
Which economic theory emphasizes the role of supply and demand in determining prices?
What is the central idea behind Karl Marx's theory of surplus value?
Which economist is known for his theory of effective demand?
What is the main focus of monetarism, as proposed by Milton Friedman?
What is the concept of diminishing marginal utility associated with?
Which economic theory emphasizes the importance of expectations and animal spirits in economic decision-making?
What is the central idea behind the concept of rational expectations in economic theory?
Which economic theory emphasizes the importance of institutions and social norms in economic outcomes?
What is the main focus of behavioral economics?
Which economic theory emphasizes the importance of technological change and innovation in economic growth?
What is the main focus of game theory in economics?
Which economic theory emphasizes the importance of information asymmetry and moral hazard in economic transactions?
What is the central idea behind the concept of externalities in economics?
Which economic theory emphasizes the importance of social welfare and equity in economic outcomes?