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