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Economists & Economic Theories Quiz

Economists & Economic Theories · Expert

20 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 20 questions in this Economists & Economic Theories quiz

Which economist developed 'Supply-Side Economics' - the idea that tax cuts for the wealthy stimulate broad economic growth?
- A. Arthur Laffer
- B. George Gilder
- C. Robert Mundell
- D. Jack Kemp
Which economist is associated with the 'Invisible Hand'?
- A. Alfred Marshall
- B. David Ricardo
- C. John Hicks
- D. Adam Smith
Which economist wrote 'The Theory of the Leisure Class' coining the term 'conspicuous consumption'?
- A. Werner Sombart
- B. John Kenneth Galbraith
- C. Charles Veblen
- D. Thorstein Veblen
Which economist coined the term 'Stagflation' - the simultaneous occurrence of high inflation and high unemployment?
- A. Milton Friedman
- B. John Kenneth Galbraith
- C. Friedrich Hayek
- D. Iain Macleod
Which French economist developed the concept of 'General Equilibrium' in the late 19th century?
- A. Antoine Cournot
- B. Frdric Bastiat
- C. Jean-Baptiste Say
- D. Lon Walras
Which economist is known for the 'Theory of Clubs' - explaining how public goods with excludable consumption are provided?
- A. Charles Tiebout
- B. Paul Samuelson
- C. Richard Musgrave
- D. James Buchanan
Which economist developed the theory of 'Creative Destruction' to describe capitalism's process of innovation?
- A. Friedrich Hayek
- B. John Kenneth Galbraith
- C. Thorstein Veblen
- D. Joseph Schumpeter
Which Nobel laureate is known for the 'Diamond-Dybvig Model' of bank runs and deposit insurance?
- A. Charles Calomiris
- B. Gary Gorton
- C. Philip Dybvig
- D. Douglas Diamond
Which Nobel economist developed the theory of 'Endogenous Money' - arguing that the money supply is determined by bank lending not central bank policy?
- A. Hyman Minsky
- B. Basil Moore
- C. Nicholas Kaldor
- D. Post-Keynesian school generally
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
Which economist developed the 'Random Walk Hypothesis' - arguing that stock price changes are unpredictable?
- A. Fischer Black
- B. Harry Roberts
- C. Paul Cootner
- D. Burton Malkiel
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
Which economist is associated with the concept of 'Predatory Pricing' and the theory of monopolistic competition?
- A. Edward Chamberlin
- B. Joan Robinson
- C. Piero Sraffa
- D. Heinrich von Stackelberg
Which Indian-American economist served as Chief Economist of the World Bank and later as Governor of the Reserve Bank of India?
- A. Amartya Sen
- B. Manmohan Singh
- C. Jagdish Bhagwati
- D. Raghuram Rajan
Which economist developed the 'Nash Equilibrium' in game theory - a concept with widespread applications in economics?
- A. Reinhard Selten
- B. John Harsanyi
- C. Lloyd Shapley
- D. John Nash
Which economist is associated with the 'Cobb-Douglas Production Function' - a mathematical model of economic output?
- A. Douglas North
- B. Paul Douglas
- C. Kenneth Arrow
- D. Charles Cobb
Which Nobel economist is known for 'Auction Theory' - designing efficient mechanisms for allocating goods?
- A. Jean Tirole
- B. Lloyd Shapley
- C. Alvin Roth
- D. William Vickrey
Which economist developed 'Transaction Cost Economics' building on Coase's work to explain firm boundaries and contracts?
- A. Armen Alchian
- B. Harold Demsetz
- C. Sanford Grossman
- D. Oliver Williamson
Which economist coined the phrase 'There is no such thing as a free lunch' as a fundamental economic principle?
- A. Henry Hazlitt
- B. Frederic Bastiat
- C. Milton Friedman
- D. Robert Heinlein
Which economist developed the 'Two-Gap Model' of economic development - identifying savings and foreign exchange gaps?
- A. Albert Hirschman
- B. Paul Rosenstein-Rodan
- C. Ragnar Nurkse
- D. Hollis Chenery

Economists & Economic Theories Quiz

Economists & Economic Theories · Expert

Time is up! Quiz Complete!

Which economist developed 'Supply-Side Economics' - the idea that tax cuts for the wealthy stimulate broad economic growth?

Which economist is associated with the 'Invisible Hand'?

Which economist wrote 'The Theory of the Leisure Class' coining the term 'conspicuous consumption'?

Which economist coined the term 'Stagflation' - the simultaneous occurrence of high inflation and high unemployment?

Which French economist developed the concept of 'General Equilibrium' in the late 19th century?

Which economist is known for the 'Theory of Clubs' - explaining how public goods with excludable consumption are provided?

Which economist developed the theory of 'Creative Destruction' to describe capitalism's process of innovation?

Which Nobel laureate is known for the 'Diamond-Dybvig Model' of bank runs and deposit insurance?

Which Nobel economist developed the theory of 'Endogenous Money' - arguing that the money supply is determined by bank lending not central bank policy?

Which economist is associated with the concept of 'Comparative Advantage' in international trade?

Which economist developed the 'Random Walk Hypothesis' - arguing that stock price changes are unpredictable?

Which economist wrote 'The Affluent Society' - arguing that private affluence coexists with public squalor in America?

Which economist is associated with the concept of 'Predatory Pricing' and the theory of monopolistic competition?

Which Indian-American economist served as Chief Economist of the World Bank and later as Governor of the Reserve Bank of India?

Which economist developed the 'Nash Equilibrium' in game theory - a concept with widespread applications in economics?

Which economist is associated with the 'Cobb-Douglas Production Function' - a mathematical model of economic output?

Which Nobel economist is known for 'Auction Theory' - designing efficient mechanisms for allocating goods?

Which economist developed 'Transaction Cost Economics' building on Coase's work to explain firm boundaries and contracts?

Which economist coined the phrase 'There is no such thing as a free lunch' as a fundamental economic principle?

Which economist developed the 'Two-Gap Model' of economic development - identifying savings and foreign exchange gaps?