#1
Which city was a major hub for the Silk Road trade route?
#2
Which economic system is characterized by private ownership of the means of production and market-based allocation of resources?
#3
Who authored 'The Wealth of Nations', a foundational work in classical economics?
#4
Who was a prominent advocate for laissez-faire economics in the 18th century?
#5
What is the main purpose of a tariff in international trade?
#6
Who introduced the concept of comparative advantage in economics?
#7
The 'Triangular Trade' primarily involved the exchange of goods between which regions?
#8
Which treaty marked the end of the Opium Wars between China and Britain?
#9
Which of the following is NOT a characteristic of a command economy?
#10
Which ancient civilization is credited with developing one of the earliest known forms of money?
#11
Who is often credited with formulating the theory of mercantilism?
#12
Which of the following is NOT a factor of production according to classical economics?
#13
Who is known for his theory of 'creative destruction' in economics?
#14