Visionaries of Economics

Visionaries of Economics

5th Grade

15 Qs

quiz-placeholder

Similar activities

W.16: Economic Theories and Industrialization

W.16: Economic Theories and Industrialization

9th Grade

15 Qs

Economic Schools of Thought During Industrialism

Economic Schools of Thought During Industrialism

9th Grade

15 Qs

Economic Philosophy

Economic Philosophy

12th Grade

10 Qs

Classic Economic Philosophers

Classic Economic Philosophers

10th Grade - University

15 Qs

GOSP. 2, I. OSNOVNA PITANJA SVAKOG EKONOMSKOG SUSTAVA

GOSP. 2, I. OSNOVNA PITANJA SVAKOG EKONOMSKOG SUSTAVA

10th Grade

10 Qs

ECONOMICS QUIZ - Economies

ECONOMICS QUIZ - Economies

12th Grade

20 Qs

Communism Socialism Capitalism

Communism Socialism Capitalism

7th Grade - University

15 Qs

Capitalism and Communism

Capitalism and Communism

10th Grade - University

15 Qs

Visionaries of Economics

Visionaries of Economics

Assessment

Quiz

Social Studies

5th Grade

Easy

Created by

TIMOTHY BALASA

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is characterized by private ownership and free markets?

Capitalism

Socialism

Communism

Feudalism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Karl Marx is best known for his work on ________.

Capitalism

Socialism

Communism

Feudalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who wrote 'Das Kapital'?

Adam Smith

Karl Marx

John Maynard Keynes

Milton Friedman

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The concept of the 'invisible hand' is associated with ________.

Adam Smith

Karl Marx

John Maynard Keynes

Milton Friedman

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key feature of socialism?

Private ownership

Free markets

Collective ownership

Laissez-faire

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is known for the theory of comparative advantage?

David Ricardo

Karl Marx

John Maynard Keynes

Milton Friedman

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The theory of ________ suggests that countries should specialize in producing goods they can produce most efficiently.

Absolute Advantage

Comparative Advantage

Opportunity Cost

Supply and Demand

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?