History of Economic Thought Quiz

Who is known as the "Father of Economics"?

• Aristotle

• Adam Smith

• John Maynard Keynes

• Amartya Sen

Which work of Aristotle deals with economics?

• Politics

• Nicomachean Ethics

• The Wealth of Nations

• Metaphysics

In which book did Adam Smith introduce the concept of the 'invisible hand'?

• The Theory of Moral Sentiments

• The Wealth of Nations

• An Inquiry into the Nature and Causes of the Wealth of Nations

• The General Theory of Employment, Interest, and Money

Which concept is closely associated with Amartya Sen’s work in economics?

• Invisible Hand

• Capability Approach

• Supply and Demand

• Multiplier Effect

Mahatma Gandhi’s economic ideas focused on which of the following?

• Industrialization

• Socialism

• Trusteeship

• Keynesianism

Who wrote 'The General Theory of Employment, Interest, and Money'?

• Adam Smith

• John Maynard Keynes

• Amartya Sen

• Aristotle

According to Keynes, which of the following is the primary determinant of economic output and employment?

• Supply

• Government spending

• Investment demand

• Aggregate demand

Which philosopher's ideas influenced the concept of 'distributive justice' that Amartya Sen also explored?

• John Maynard Keynes

• Adam Smith

• Aristotle

• Mahatma Gandhi

What economic principle is Adam Smith most known for advocating?

• Planned economy

• Laissez-faire

• Mixed economy

• Command economy

Amartya Sen’s work on famines emphasizes the role of which of the following factors?

• Population growth

• Food supply

• Entitlements and access to food

• Government intervention