Who is often referred to as the 'Father of Modern Economics'?
John Maynard Keynes
Adam Smith
Karl Marx
Milton Friedman
#2
Which economic term refers to a situation where the prices of goods and services continue to rise over time?
Recession
Inflation
Deflation
Stagflation
#3
Which term is used to describe the economic system where the means of production are collectively owned and controlled by the community?
Capitalism
Socialism
Fascism
Feudalism
#4
Which international organization is responsible for coordinating efforts to address global health issues?
World Bank
World Health Organization (WHO)
International Monetary Fund (IMF)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
#5
Which historical event marked the beginning of the Cold War?
World War I
World War II
The Cuban Missile Crisis
The Korean War
#6
Which international organization is responsible for promoting global economic cooperation and development?
World Health Organization (WHO)
International Monetary Fund (IMF)
World Trade Organization (WTO)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
#7
Which country is known for implementing the 'Perestroika' and 'Glasnost' policies in the 1980s?
United States
China
Soviet Union (USSR)
United Kingdom
#8
What is the primary purpose of the United Nations Security Council?
Promoting global health
Maintaining international peace and security
Economic development
Cultural exchange programs
#9
What is the primary objective of the European Union (EU)?
Military cooperation
Economic integration
Cultural preservation
Space exploration
#10
What is the concept of 'Bretton Woods' in the context of global economic history?
A global environmental agreement
An international monetary system
A military alliance during the Cold War
A peace treaty after World War II
#11
Which economic theory emphasizes the role of government intervention to regulate and stabilize the economy?
Keynesian economics
Supply-side economics
Monetarism
Laissez-faire economics
#12
Who is known for the theory of 'Creative Destruction' in the field of economics?
John Maynard Keynes
Joseph Schumpeter
Milton Friedman
Adam Smith
#13
Who is known for the concept of 'The End of History' suggesting that liberal democracy would be the endpoint of human ideological evolution?
Karl Marx
Friedrich Hayek
Francis Fukuyama
John Locke
#14
Who is known for the economic theory of 'Trickle-Down Economics,' suggesting that benefits provided to the wealthy will eventually benefit the broader population?