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Adam Smith - Test
  • 1. Who is considered the founder of modern economics and the author of 'The Wealth of Nations'?
A) Karl Marx
B) John Maynard Keynes
C) Friedrich Hayek
D) Adam Smith
  • 2. When was Adam Smith born?
A) 1758
B) 1672
C) 1723
D) 1804
  • 3. In which country was Adam Smith born?
A) France
B) Germany
C) Scotland
D) England
  • 4. What concept did Adam Smith introduce in 'The Wealth of Nations' to describe the self-regulating nature of the marketplace?
A) Command economy
B) State capitalism
C) Central planning
D) Invisible hand
  • 5. Which university did Adam Smith attend?
A) University of Glasgow
B) Harvard University
C) University of Oxford
D) Sorbonne University
  • 6. Adam Smith is often associated with which economic theory that advocates for minimal government intervention in the economy?
A) Socialism
B) Keynesian Economics
C) Laissez-faire
D) Mercantilism
  • 7. What was the title of the first major work by Adam Smith?
A) The General Theory of Employment, Interest, and Money
B) The Communist Manifesto
C) Das Kapital
D) The Theory of Moral Sentiments
  • 8. What academic subject was Adam Smith primarily known for?
A) Chemistry
B) Physics
C) Economics
D) Psychology
  • 9. What was Adam Smith's profession?
A) Artist
B) Doctor
C) Philosopher
D) Engineer
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