Philosophy of economics - Quiz
A) Adam Smith B) Karl Marx C) Friedrich Hayek D) John Maynard Keynes
A) Supply and Demand B) Inflation C) Consumer Price Index (CPI) D) Gross Domestic Product (GDP)
A) Classical Economics B) Keynesian Economics C) Marxian Economics D) Behavioral Economics
A) Opportunity Cost B) Average Cost C) Marginal Cost D) Fixed Cost
A) Surplus B) Equilibrium C) Price Floor D) Shortage
A) Price Discrimination B) Market Failure C) Monopoly D) Externalities
A) Charity B) Government regulation C) Self-interest D) Social norms
A) Profit B) Operational cost C) Loss D) Break-even point
A) Elasticity B) Monopoly power C) Competition D) Supply and demand
A) Microeconomics B) International economics C) Macroeconomics D) Development economics
A) Command Economy B) Market Economy C) Planned Economy D) Mixed Economy
A) Inflation B) Monopoly C) Fiscal policy D) Pareto efficiency
A) Karl Marx and Adam Smith B) Alexander Rosenberg and Daniel M. Hausman C) Immanuel Kant and John Stuart Mill D) Friedrich Hayek and Milton Friedman
A) Surplus B) Equilibrium C) Abundance D) Scarcity
A) Whether economic theories can state 'laws' B) How to implement economic policies effectively C) The historical development of economic thought D) The ethical implications of economic decisions
A) Who benefits from economic policies? B) What are the historical origins of economic thought? C) How can economic models be simplified? D) Are we claiming that the theories relate to reality or perceptions?
A) A mathematical model B) An empirical study C) A clear and concise definition D) A survey of definitional and territorial difficulties and controversies
A) Immanuel Kant B) Robert Nozick C) Karl Marx D) John Rawls
A) Rights-based (deontological) approaches B) Virtue ethics C) Consequentialism D) Utilitarian approaches
A) Rational Choice Theory B) Prospect Theory C) Utility Theory D) Game Theory
A) Keynesian Economics B) Chicago School C) Austrian School D) Marxist Economics
A) Friedrich Hayek B) Amartya Sen C) Milton Friedman D) John Maynard Keynes
A) This is debated, as it questions whether they are as reliable as predictions in natural sciences B) No, because they deal only with perceptions C) Yes, because they are always empirically verifiable D) Yes, because they follow strict mathematical laws
A) Mathematical conjectures B) Substantive philosophical theses C) Empirical scientific hypotheses D) Historical narratives
A) Utilitarianism B) Existentialism C) Virtue ethics D) Deontological ethics
A) Ludwig von Mises B) John Stuart Mill C) Amartya Sen D) Immanuel Kant
A) David Hume B) René Descartes C) Immanuel Kant D) John Locke
A) The ethical implications of economic decisions B) The practical implementation of economic policies C) The status of highly idealized economic models D) The historical development of economic theories
A) Because it has detailed peculiarities and overt features of the natural sciences while dealing with social phenomena B) Because it is purely theoretical C) Because it lacks empirical verification D) Because it deals exclusively with natural phenomena
A) The ethical implications of economic decisions B) The mathematical foundations of economic models C) How we know things, including the nature of truth claims made by economic theories D) The historical context of economic thought
A) How economic theories should be proven, including whether they must be empirically verifiable B) The practical implementation of economic policies C) The historical development of economic thought D) The ethical implications of economic decisions |
Created with That Quiz —
a math test site for students of all grade levels.