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