WorksheetsEconomic Thinkers
Total questions: 15
Worksheet time: 15mins
The policy/philosophy supporting capitalism is?
Classic Communism
Laissez-faire
Idealistic Socialism
None of the above
John Maynard Keynes was:
A famous physicist
A renowned economist
A celebrated author
A well-known politician
Friedrich Hayek was known for his economic beliefs in:
Keynesian economics
Marxist economics
Classical liberalism
Monetarism
Hayek and Friedman believed in free-market capitalism. Who did their ideas begin to influence?
Politicians
Economists
Business leaders
All of the above
Friedman believed in:
Free-market capitalism
Socialism
Communism
Mixed economy
Friedman’s views can be summarized as:
A focus on monetary policy
A focus on fiscal policy
A focus on trade policy
A focus on environmental policy
Who is known as the father of modern economics?
Adam Smith
Karl Marx
John Maynard Keynes
Milton Friedman
Which economic thinker is associated with the concept of 'invisible hand'?
David Ricardo
Adam Smith
John Stuart Mill
Thomas Malthus
Karl Marx is best known for his work on which economic theory?
Capitalism
Socialism
Communism
Mercantilism
Which economist is famous for his theory of comparative advantage?
Adam Smith
David Ricardo
John Maynard Keynes
Friedrich Hayek
Who wrote 'The General Theory of Employment, Interest, and Money'?
Milton Friedman
John Maynard Keynes
Adam Smith
Karl Marx
Which economic thinker is known for his work on population growth and its effects on resources?
Thomas Malthus
David Ricardo
John Stuart Mill
Alfred Marshall
Milton Friedman is associated with which school of economic thought?
Keynesian
Monetarist
Classical
Marxist
Who is known for the economic concept of 'creative destruction'?
Joseph Schumpeter
John Maynard Keynes
Friedrich Hayek
Milton Friedman
Which economist is known for his work on welfare economics and the concept of 'Pareto efficiency'?
Vilfredo Pareto
Alfred Marshall
John Stuart Mill
David Ricardo
