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