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