What is the central economic problem discussed in the video?
Why Economists Never Agree on Anything?

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Business, Religious Studies, Other, Social Studies
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7th - 12th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited resources and limited desires
Limited resources and unlimited desires
Equal resources and desires
Unlimited resources and desires
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economist is credited with founding the classical school of economics?
John Maynard Keynes
Karl Menger
Adam Smith
Friedrich Hayek
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary focus of the classical school of economics?
Subjective value
Government intervention
Free markets and specialization
Consumer choice
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered the father of the Austrian School of Economics?
Paul Krugman
Karl Menger
John Maynard Keynes
Adam Smith
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What key concept did the Austrian school introduce to economics?
Supply and demand
Counter-cyclical fiscal policy
Marginal utility
Mercantilism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major critique of Austrian economics?
It ignores consumer choice
It lacks rigorous mathematical models
It focuses too much on short-term gains
It relies heavily on government intervention
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic theory is John Maynard Keynes known for?
Counter-cyclical fiscal policy
Marginal utility
Supply-side economics
Mercantilism
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