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