Economics Essentials Quiz

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Core micro/macro concepts and definitions

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Tejal Mota

India

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Froggy Jumps Economics Essentials QuizVersión en línea Core micro/macro concepts and definitions por Tejal Mota 1 Which economist defined economics as the science that studies human behavior as a relation between ends and scarce means? a Adam Smith b Lionel Robbins c Paul Samuelson 2 Which economist described economics as the study of how societies use scarce resources to produce valuable goods and distribute them among people? a Lionel Robbins b Paul Samuelson c Adam Smith 3 Which economist is famous for the idea of the invisible hand and free markets? a John Maynard Keynes b Adam Smith c Alfred Marshall 4 Which economist defined economics as the study of mankind in the ordinary business of life? a Alfred Marshall b Lionel Robbins c Adam Smith 5 What does microeconomics focus on? a Overall economy performance b Decisions of individuals and firms c National GDP growth 6 What does macroeconomics study? a Individual consumer choices b The entire economy and big-picture issues c Firm production techniques 7 Which area is concerned with price determination in a specific market? a Microeconomics b Behavioral economics c Macroeconomics 8 Which concept is macroeconomic in nature? a Price elasticity of demand b GDP and unemployment rates c Consumer surplus in a market 9 Which economist is associated with neoclassical microeconomics and partial equilibrium analysis? a Paul Samuelson b Lionel Robbins c Alfred Marshall 10 Scarcity is a fundamental idea highlighted in the definitions of economics by which thinkers? a Adam Smith b Robbins and Marshall c Paul Samuelson

Froggy Jumps

Economics Essentials QuizVersión en línea

Core micro/macro concepts and definitions

por Tejal Mota

Which economist defined economics as the science that studies human behavior as a relation between ends and scarce means?

Adam Smith

Lionel Robbins

Paul Samuelson

Which economist described economics as the study of how societies use scarce resources to produce valuable goods and distribute them among people?

Lionel Robbins

Paul Samuelson

Adam Smith

Which economist is famous for the idea of the invisible hand and free markets?

John Maynard Keynes

Adam Smith

Alfred Marshall

Which economist defined economics as the study of mankind in the ordinary business of life?

Alfred Marshall

Lionel Robbins

Adam Smith

What does microeconomics focus on?

Overall economy performance

Decisions of individuals and firms

National GDP growth

What does macroeconomics study?

Individual consumer choices

The entire economy and big-picture issues

Firm production techniques

Which area is concerned with price determination in a specific market?

Microeconomics

Behavioral economics

Macroeconomics

Which concept is macroeconomic in nature?

Price elasticity of demand

GDP and unemployment rates

Consumer surplus in a market

Which economist is associated with neoclassical microeconomics and partial equilibrium analysis?

Paul Samuelson

Lionel Robbins

Alfred Marshall

Scarcity is a fundamental idea highlighted in the definitions of economics by which thinkers?

Adam Smith

Robbins and Marshall

Paul Samuelson

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Economics Essentials Quiz

Froggy Jumps

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Froggy Jumps

Economics Essentials QuizVersión en línea

por Tejal Mota

Which economist defined economics as the science that studies human behavior as a relation between ends and scarce means?

Which economist described economics as the study of how societies use scarce resources to produce valuable goods and distribute them among people?

Which economist is famous for the idea of the invisible hand and free markets?

Which economist defined economics as the study of mankind in the ordinary business of life?

What does microeconomics focus on?

What does macroeconomics study?

Which area is concerned with price determination in a specific market?

Which concept is macroeconomic in nature?

Which economist is associated with neoclassical microeconomics and partial equilibrium analysis?

Scarcity is a fundamental idea highlighted in the definitions of economics by which thinkers?

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