Quiz on Summer Homework (Economic Concepts &Thinking) JPE
Authored by Julia Peters
Social Studies
12th Grade
Used 2+ times
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4 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
27. Who is known for the concept of "laissez-faire" economics during the 18th century?
Karl Marx
John Maynard Keynes
Adam Smith
Friedrich Hayek
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
28. What is a key feature of the classical economic theory from the 19th century?
Emphasis on government intervention
Focus on fiscal policy
Introduction of the concept of utility
Belief in the self-regulating nature of markets (Say's law)
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
29. Who is known for the "Keynesian revolution" in economics during the 20th century?
Karl Marx
John Maynard Keynes
Adam Smith
Friedrich Hayek
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
30. In the 21st century, why is there a growing awareness of economics' interdependencies with society and the environment?
To promote isolationism
To emphasize the importance of automation
To appreciate reasons for moving toward a circular economy
To advocate for globalization
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