#1
Which economic principle suggests that individuals make decisions based on maximizing their own self-interest?
#2
Who is known as the father of modern economics?
#3
Who authored the book 'The Wealth of Nations'?
#4
What economic principle suggests that as the price of a good decreases, the quantity demanded increases?
#5
According to classical economics, what is the role of government in the economy?
#6
Which economic philosophy advocates for the redistribution of wealth to achieve social equality?
#7
What is the central idea behind Keynesian economics?
#8
Who coined the term 'invisible hand' to describe the self-regulating nature of markets?
#9
According to the theory of rational choice, what do individuals aim to maximize?
#10
Who proposed the theory of 'perfect competition' in economics?
#11
What is the main principle behind the concept of the 'circular flow of income' in economics?
#12
What economic principle suggests that the total utility derived from consuming a good decreases as consumption increases?
#13
Which economic theory advocates for government intervention to address market failures and inequalities?
#14
Which economic philosophy advocates for the abolition of private property and the establishment of a classless society?
#15
Who proposed the theory of comparative advantage in international trade?
#16
What economic principle suggests that the best outcome is achieved when each individual in society pursues their own self-interest?
#17
Which economist is associated with the concept of 'creative destruction'?
#18
What is the primary goal of neoliberalism?
#19
Which economic concept suggests that increasing the money supply leads to inflation?
#20
What is the primary focus of behavioral economics?
#21
Which economist introduced the concept of 'opportunity cost'?
#22
Who is known for the theory of 'rational expectations' in economics?
#23
Who is credited with developing the concept of 'human capital'?
#24
Who is associated with the theory of 'just-in-time' production in economics?
#25