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Economists & Economic Theories Quiz

Economists & Economic Theories · Easy

12 questions · Unlimited attempts · Free online practice

Economics is shaped by the ideas of influential thinkers who sought to explain how wealth is created, markets function, and societies make choices. Studying economists and their th...

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All 12 questions in this Economists & Economic Theories quiz
  1. Which 20th-century economist is famous for predicting in 1930 that by 2030 humans would work only 15 hours per week?

    • A. John Kenneth Galbraith
    • B. Joseph Schumpeter
    • C. Bertrand Russell
    • D. John Maynard Keynes
  2. Which Nobel Prize-winning economist wrote 'The General Theory' and also devised the concept of 'Animal Spirits'?

    • A. Arthur Pigou
    • B. Alfred Marshall
    • C. Irving Fisher
    • D. John Maynard Keynes
  3. Which economist wrote 'Das Kapital' - a critique of capitalism and foundation of Marxist economics?

    • A. Friedrich Engels
    • B. Ferdinand Lassalle
    • C. Pierre-Joseph Proudhon
    • D. Karl Marx
  4. Which economist wrote 'The Worldly Philosophers' - a history of economic thought for general readers?

    • A. John Kenneth Galbraith
    • B. Paul Samuelson
    • C. Lester Thurow
    • D. Robert Heilbroner
  5. Which economist won the Nobel Prize for his work on 'Management of Common Pool Resources' - challenging the tragedy of the commons?

    • A. Elinor Ostrom
    • B. Garrett Hardin
    • C. Vincent Ostrom
    • D. Oliver Williamson
  6. Which economist wrote 'The Affluent Society' - arguing that private affluence coexists with public squalor in America?

    • A. Alvin Toffler
    • B. Robert Reich
    • C. Paul Samuelson
    • D. John Kenneth Galbraith
  7. Which economist is known for 'The Theory of Moral Sentiments' as well as 'The Wealth of Nations'?

    • A. David Hume
    • B. Jeremy Bentham
    • C. Francis Hutcheson
    • D. Adam Smith
  8. Which Indian economist and philosopher won the Nobel Prize in Economics in 1998 for his work on welfare and poverty?

    • A. Manmohan Singh
    • B. Jagdish Bhagwati
    • C. Kaushik Basu
    • D. Amartya Sen
  9. Which economist is associated with the concept of 'Comparative Advantage' in international trade?

    • A. Adam Smith
    • B. John Stuart Mill
    • C. Thomas Malthus
    • D. David Ricardo
  10. Which economist wrote 'The Road to Serfdom' - a critique of central planning and socialist economics?

    • A. Ludwig von Mises
    • B. Murray Rothbard
    • C. Wilhelm Rpke
    • D. Friedrich Hayek
  11. Who is called father of economics?

    • A. Marshall
    • B. Adam Smith
    • C. Ricardo
    • D. Keynes
  12. Which economist wrote 'The General Theory of Employment, Interest and Money' (1936)?

    • A. Irving Fisher
    • B. Arthur Pigou
    • C. Alfred Marshall
    • D. John Maynard Keynes