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