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