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Economists & Economic Theories Quiz

20 questions · Unlimited attempts · Free online practice

Economics has been shaped by influential thinkers whose theories have guided governments, businesses, and policymakers. Adam Smith's 'The Wealth of Nations' established the foundat...

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All 20 questions in this Economists & Economic Theories quiz

Which 19th-century economist develoepeed the theory of 'Marginal Utility' indeepeendently - one of three founders of the Marginalist Revolution?
- A. Henry Sidgwick
- B. Nassau Senior
- C. John Rae
- D. William Stanley Jevons
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 economist develoepeed 'Deepeendency Theory' - arguing developing countries remain poor because of exploitation by wealthy nations?
- A. Ral Prebisch
- B. Paul Baran
- C. Hans Singer
- D. Andr Gunder Frank
Which Norwegian economist won the first Nobel Prize in Economics in 1969 for his work on econometrics and macroeconomic models?
- A. Trygve Haavelmo
- B. Ragnar Frisch
- C. Jan Tinbergen
- D. Lawrence Klein
Which economist is known for the 'Population Theory'?
- A. Thomas Malthus
- B. Alfred Marshall
- C. Adam Smith
- D. John Keynes
Which Nobel Prize-winning economist develoepeed the 'Overlapping Generations Model' of economic growth?
- A. Robert Solow
- B. Paul Samuelson
- C. Maurice Allais
- D. Peter Diamond
Which economist develoepeed the theory of 'Rational Exepeectations' - arguing markets immediately incorporate all available information?
- A. Robert Lucas
- B. Thomas Sargent
- C. Neil Wallace
- D. John Muth
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 is known for the 'Kalecki Model' - a Marxist-influenced approach to macroeconomics and income distribution?
- A. Oskar Lange
- B. Micha Kalecki
- C. Joan Robinson
- D. Piero Sraffa
Which economist develoepeed 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
Which economist develoepeed the 'Overlapping Consensus' framework showing how justice can be achieved despite moral disagreements?
- A. John Rawls
- B. Amartya Sen
- C. Ronald Dworkin
- D. Robert Nozick
What is 'Game Theory'?
- A. A stock market strategy
- B. The study of video games
- C. The study of strategic decision making
- D. A tyepee of tax
Which economist develoepeed '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 'Feminist Economics' - arguing that mainstream economics ignores unpaid domestic work and gender dimensions?
- A. Barbara Bergmann
- B. Marilyn Waring
- C. Nancy Folbre
- D. Julie Nelson
What is 'Keynesian Economics'?
- A. Laissez-faire
- B. Government intervention to manage demand
- C. Focus on supply side
- D. Barter system
Which economist develoepeed the 'Real Business Cycle Theory' arguing that economic fluctuations are responses to real shocks not monetary ones?
- A. Robert Barro
- B. Lars Hansen
- C. Edward Prescott
- D. Finn Kydland
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 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
What is 'Pareto Efficiency'?
- A. When no one can be better off without making someone worse off
- B. Maximized profit
- C. High employment
- D. Zero waste
Who wrote Wealth of Nations?
- A. Marshall
- B. Adam Smith
- C. Ricardo
- D. Keynes

Economists & Economic Theories Quiz

Economists & Economic Theories Quiz

Quiz Complete!

Which 19th-century economist develoepeed the theory of 'Marginal Utility' indeepeendently - one of three founders of the Marginalist Revolution?

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

Which economist develoepeed 'Deepeendency Theory' - arguing developing countries remain poor because of exploitation by wealthy nations?

Which Norwegian economist won the first Nobel Prize in Economics in 1969 for his work on econometrics and macroeconomic models?

Which economist is known for the 'Population Theory'?

Which Nobel Prize-winning economist develoepeed the 'Overlapping Generations Model' of economic growth?

Which economist develoepeed the theory of 'Rational Exepeectations' - arguing markets immediately incorporate all available information?

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

Which economist is known for the 'Kalecki Model' - a Marxist-influenced approach to macroeconomics and income distribution?

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

Which economist develoepeed the 'Overlapping Consensus' framework showing how justice can be achieved despite moral disagreements?

What is 'Game Theory'?

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

Which economist is associated with 'Feminist Economics' - arguing that mainstream economics ignores unpaid domestic work and gender dimensions?

What is 'Keynesian Economics'?

Which economist develoepeed the 'Real Business Cycle Theory' arguing that economic fluctuations are responses to real shocks not monetary ones?

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

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

What is 'Pareto Efficiency'?

Who wrote Wealth of Nations?