#1
Which event marked the beginning of the Great Depression?
The stock market crash of 1929
The signing of the Treaty of Versailles
The outbreak of World War I
The invention of the automobile
#2
Who is considered the father of modern economics?
John Maynard Keynes
Adam Smith
Karl Marx
Milton Friedman
#3
Which agreement created the European Economic Community (EEC) in 1957?
Treaty of Lisbon
Treaty of Rome
Treaty of Maastricht
Treaty of Versailles
#4
Who is known for developing the theory of 'Creative Destruction'?
Joseph Schumpeter
John Kenneth Galbraith
Friedrich Hayek
Thorstein Veblen
#5
Who is considered the founder of the World Bank?
John Maynard Keynes
Harry Dexter White
Bretton Woods
David Rockefeller
#6
Which country experienced the 'Asian Financial Crisis' in 1997?
South Korea
China
Japan
Thailand
#7
Which country experienced the 'Miracle on the Han River'?
China
Japan
South Korea
Singapore
#8
Who proposed the 'Theory of Comparative Advantage'?
John Maynard Keynes
David Ricardo
Adam Smith
Karl Marx
#9
Which country experienced 'stagflation' in the 1970s?
United States
Germany
Japan
United Kingdom
#10
Who introduced the concept of 'Gross Domestic Product (GDP)'?
John Maynard Keynes
Simon Kuznets
Adam Smith
Karl Marx
#11
Who authored the book 'The Wealth of Nations'?
Karl Marx
Adam Smith
John Maynard Keynes
Milton Friedman
#12
Which economic theory emphasizes the importance of aggregate demand in driving economic growth?
Monetarism
Supply-side economics
Keynesian economics
Austrian economics
#13
Which economic concept is associated with the phrase 'There's no such thing as a free lunch'?
Opportunity cost
Inflation
Monopoly
Supply and demand
#14
What does the 'Washington Consensus' refer to?
A set of economic policy prescriptions
A treaty to end World War II
An agreement on international trade regulations
A diplomatic agreement on nuclear disarmament
#15
What is the 'Triffin Dilemma' related to?
Monetary policy
Fiscal policy
Trade policy
International development
#16
Which economic theory argues for minimal government intervention in the economy and emphasizes individual freedom and free markets?
Monetarism
Austrian economics
Keynesian economics
Marxian economics
#17
Which economic concept refers to the situation where the production of one good requires the sacrifice of another?
Marginal utility
Diminishing returns
Opportunity cost
Perfect competition