#1
Which economic ideology advocates for minimal government intervention in the market?
#2
In economic terms, what does GDP stand for?
#3
Which economic concept refers to the total value of goods and services produced within a country's borders in a specific time period?
#4
Which economic system is characterized by private ownership of the means of production and individual entrepreneurship?
#5
Which economic system prioritizes social equality and collective ownership of the means of production?
#6
In a command economy, who typically makes decisions about resource allocation?
#7
What is a characteristic of a mixed economy?
#8
Which economic system is based on the idea of collective ownership of the means of production?
#9
What is the role of the Federal Reserve in the United States?
#10
What is the term for a situation in which a single company or a small group of companies dominates an entire industry?
#11
Which economic philosophy emphasizes the importance of individual property rights, free markets, and limited government intervention?
#12
What is the primary function of the World Trade Organization (WTO)?
#13
Who is considered the father of modern economics and the author of 'The Wealth of Nations'?
#14
What is the primary goal of a centrally planned economy?
#15
Which economic theory argues that government intervention is necessary to manage economic inequalities and ensure stability?
#16
What is the Tragedy of the Commons, as described in economic theory?
#17
Who is associated with the theory of comparative advantage in international trade?
#18
What is the main objective of monetary policy?
#19