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Economists & Economic Theories Quiz

Economists & Economic Theories · Hard

20 questions · Unlimited attempts · Free online practice

Economics is shaped by the ideas of influential thinkers who sought to explain how wealth is created, markets function, and societies make choices. Studying economists and their th...

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All 20 questions in this Economists & Economic Theories quiz
  1. Which French economist developed the concept of 'General Equilibrium' in the late 19th century?

    • A. Antoine Cournot
    • B. Frdric Bastiat
    • C. Jean-Baptiste Say
    • D. Lon Walras
  2. Which economist is associated with 'Ricardian Equivalence' - arguing government borrowing is equivalent to taxation?

    • A. James Buchanan
    • B. Robert Barro
    • C. Martin Feldstein
    • D. David Ricardo
  3. Which economist is associated with 'Feminist Economics' - arguing that mainstream economics ignores unpaid domestic work and gender dimensions?

    • A. Barbara Bergmann
    • B. Marilyn Waring
    • C. Nancy Folbre
    • D. Julie Nelson
  4. Which economist is known for the 'Big Push Theory' - arguing that coordinated large-scale investment is needed to break a poverty trap?

    • A. Gunnar Myrdal
    • B. W. Arthur Lewis
    • C. Albert Hirschman
    • D. Paul Rosenstein-Rodan
  5. Which economist is associated with the 'Cobb-Douglas Production Function' - a mathematical model of economic output?

    • A. Douglas North
    • B. Paul Douglas
    • C. Kenneth Arrow
    • D. Charles Cobb
  6. Which economist is associated with 'Ordoliberalism' - the German approach to social market economy?

    • A. Walter Eucken
    • B. Franz Bhm
    • C. Ludwig Erhard
    • D. Wilhelm Rpke
  7. Which economist is associated with 'Trickle-Down Economics' - the idea that benefits to the wealthy eventually benefit everyone?

    • A. Ronald Reagan
    • B. Jack Kemp
    • C. David Stockman
    • D. Arthur Laffer
  8. Which Austrian economist is known for 'Praxeology' - the deductive science of human action as the foundation of economics?

    • A. Friedrich Hayek
    • B. Hans-Hermann Hoppe
    • C. Murray Rothbard
    • D. Ludwig von Mises
  9. Which economist developed 'Dependency Theory' - arguing developing countries remain poor because of exploitation by wealthy nations?

    • A. Ral Prebisch
    • B. Paul Baran
    • C. Hans Singer
    • D. Andr Gunder Frank
  10. Which economist developed the 'Overlapping Consensus' framework showing how justice can be achieved despite moral disagreements?

    • A. John Rawls
    • B. Amartya Sen
    • C. Ronald Dworkin
    • D. Robert Nozick
  11. Which economist is known for the 'Theory of Second Best' - arguing that removing one market distortion may not improve welfare if others remain?

    • A. Francis Bator
    • B. Richard Lipsey
    • C. Kelvin Lancaster
    • D. James Meade
  12. Which Nobel Prize-winning economist developed the 'Theory of Optimal Taxation'?

    • A. Peter Diamond
    • B. William Vickrey
    • C. Frank Ramsey
    • D. James Mirrlees
  13. Which Norwegian economist won the first Nobel Prize in Economics in 1969 for his work on econometrics and macroeconomic models?

    • A. Trygve Haavelmo
    • B. Ragnar Frisch
    • C. Jan Tinbergen
    • D. Lawrence Klein
  14. Which economist developed 'Supply-Side Economics' - the idea that tax cuts for the wealthy stimulate broad economic growth?

    • A. Arthur Laffer
    • B. George Gilder
    • C. Robert Mundell
    • D. Jack Kemp
  15. Which economist is associated with the 'Washington Consensus' - a set of free-market policy prescriptions for developing countries?

    • A. Jeffrey Sachs
    • B. Dani Rodrik
    • C. Stanley Fischer
    • D. John Williamson
  16. Which Nobel Prize-winning economist developed the 'Overlapping Generations Model' of economic growth?

    • A. Robert Solow
    • B. Paul Samuelson
    • C. Maurice Allais
    • D. Peter Diamond
  17. Which economist coined the phrase 'There is no such thing as a free lunch' as a fundamental economic principle?

    • A. Henry Hazlitt
    • B. Frederic Bastiat
    • C. Milton Friedman
    • D. Robert Heinlein
  18. Which economist is associated with the concept of 'Predatory Pricing' and the theory of monopolistic competition?

    • A. Edward Chamberlin
    • B. Joan Robinson
    • C. Piero Sraffa
    • D. Heinrich von Stackelberg
  19. Which economist developed the concept of 'Moral Hazard' - the idea that insurance changes risk-taking behaviour?

    • A. George Akerlof
    • B. William Vickrey
    • C. Roger Myerson
    • D. Kenneth Arrow
  20. Which economist is known for the 'Population Theory'?

    • A. Thomas Malthus
    • B. Alfred Marshall
    • C. Adam Smith
    • D. John Keynes