Who wrote: The Theory of Moral Sentiments and The Wealth of Nations.

Adam Smith Invisible Hand

Quiz
•
Other
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9th Grade
•
Medium
Alisa Detrick
Used 13+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
John Smith
Adam Smith
Adam Jones
John Jones
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a free market, when more people decide they want a particular item _
Prices go down, prompting an increase in quantity supplied
Prices go up, prompting an increase in quantity supplied
Prices go up, prompting a decrease in quantity supplied
Prices don’t change, resulting in a shortage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__ act as an incredible price-discovery mechanism.
Computers
Algorithms
Search engines
Markets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
eBay is a great example of ________.
A free market
A highly-regulated market
A monopoly
A system in which sellers have the advantage over buyers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The free market is about ____________.
cooperation between buyers and sellers
businesses taking advantage of people
competition between buyers and sellers
planning and direction by experts
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Invisible Hand concept explains ____________.
people and systems working together with no one directing them
businesses taking advantage of customers
helping those who are disadvantaged
economic planning and direction by experts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The prices we're willing to pay ____________.
are too low
are irrelevant
send key signals to producers
are unfair
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