A) John Maynard Keynes B) Friedrich Hayek C) Adam Smith D) Karl Marx
A) Consumer Price Index (CPI) B) Inflation C) Gross Domestic Product (GDP) D) Supply and Demand
A) Behavioral Economics B) Keynesian Economics C) Classical Economics D) Marxian Economics
A) Marginal Cost B) Average Cost C) Fixed Cost D) Opportunity Cost
A) Shortage B) Equilibrium C) Price Floor D) Surplus
A) Price Discrimination B) Externalities C) Monopoly D) Market Failure
A) Government regulation B) Charity C) Self-interest D) Social norms
A) Loss B) Break-even point C) Operational cost D) Profit
A) Monopoly power B) Competition C) Supply and demand D) Elasticity
A) Microeconomics B) Macroeconomics C) International economics D) Development economics
A) Mixed Economy B) Market Economy C) Command Economy D) Planned Economy
A) Inflation B) Pareto efficiency C) Monopoly D) Fiscal policy
A) Rational Choice Theory B) Prospect Theory C) Game Theory D) Utility Theory
A) Abundance B) Surplus C) Equilibrium D) Scarcity
A) The ethical implications of economic decisions B) The historical development of economic theories C) The practical implementation of economic policies D) The status of highly idealized economic models
A) Mathematical conjectures B) Historical narratives C) Substantive philosophical theses D) Empirical scientific hypotheses
A) Because it has detailed peculiarities and overt features of the natural sciences while dealing with social phenomena B) Because it deals exclusively with natural phenomena C) Because it is purely theoretical D) Because it lacks empirical verification
A) A survey of definitional and territorial difficulties and controversies B) A clear and concise definition C) An empirical study D) A mathematical model
A) The mathematical foundations of economic models B) The ethical implications of economic decisions C) How we know things, including the nature of truth claims made by economic theories D) The historical context of economic thought
A) Are we claiming that the theories relate to reality or perceptions? B) Who benefits from economic policies? C) What are the historical origins of economic thought? D) How can economic models be simplified?
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) 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) Immanuel Kant and John Stuart Mill B) Alexander Rosenberg and Daniel M. Hausman C) Karl Marx and Adam Smith D) Friedrich Hayek and Milton Friedman
A) How economic theories should be proven, including whether they must be empirically verifiable B) The ethical implications of economic decisions C) The historical development of economic thought D) The practical implementation of economic policies
A) Existentialism B) Deontological ethics C) Virtue ethics D) Utilitarianism
A) Virtue ethics B) Utilitarian approaches C) Rights-based (deontological) approaches D) Consequentialism
A) Robert Nozick B) John Rawls C) Immanuel Kant D) Karl Marx
A) Amartya Sen B) Ludwig von Mises C) Immanuel Kant D) John Stuart Mill
A) Milton Friedman B) Amartya Sen C) John Maynard Keynes D) Friedrich Hayek
A) René Descartes B) John Locke C) David Hume D) Immanuel Kant
A) Keynesian Economics B) Austrian School C) Marxist Economics D) Chicago School |