Historical Impact of Socioeconomic Policies Quiz

Test your knowledge on economic history with questions about New Deal, Peronism, Reaganomics, and more in this quiz.

#1

Who is known for implementing the 'New Deal' in the United States during the 1930s?

Franklin D. Roosevelt
Herbert Hoover
Woodrow Wilson
Calvin Coolidge
#2

Who is often regarded as the founder of modern capitalism due to his influential work 'The Wealth of Nations'?

Karl Marx
Adam Smith
John Maynard Keynes
Milton Friedman
#3

Which socioeconomic theory suggests that government spending should be increased during economic downturns to stimulate demand?

Monetarism
Supply-side economics
Keynesian economics
Austrian economics
#4

Which socioeconomic policy is characterized by state ownership of the means of production and central planning of economic activities?

Fascism
Socialism
Capitalism
Anarchism
#5

Which socioeconomic policy aimed to alleviate poverty and stimulate economic growth during the Great Depression?

Laissez-faire economics
Keynesian economics
Supply-side economics
Monetarism
#6

Which country's socioeconomic policies were influenced by the ideas of 'Peronism' during the mid-20th century?

Argentina
Germany
United Kingdom
Japan
#7

Who introduced the 'Great Leap Forward' as part of China's socioeconomic policies in the late 1950s?

Mao Zedong
Deng Xiaoping
Chiang Kai-shek
Zhou Enlai
#8

Which socioeconomic policy is associated with the idea of 'trickle-down economics'?

Monetarism
Keynesian economics
Supply-side economics
Laissez-faire economics
#9

Which country implemented the 'Shock Therapy' program in the 1990s to transition from a centrally planned to a market-based economy?

Russia
China
India
Brazil
#10

Which of the following socioeconomic policies advocates for a greater role of government in regulating and redistributing wealth to achieve social equality?

Neoliberalism
Socialism
Monetarism
Austrian economics
#11

Which socioeconomic theory suggests that individuals act in their own self-interest, leading to an optimal allocation of resources in society?

Keynesian economics
Socialism
Neoclassical economics
Marxian economics
#12

Who is often credited with the development of the 'Theory of Comparative Advantage,' which supports free trade among nations?

Karl Marx
John Maynard Keynes
Adam Smith
David Ricardo
#13

Which economist is associated with the concept of 'Creative Destruction,' suggesting that economic progress comes through the destruction of old industries and the creation of new ones?

John Maynard Keynes
Joseph Schumpeter
Adam Smith
Friedrich Hayek
#14

Who proposed the 'Theory of the Leisure Class,' which explores how socioeconomic status influences consumption patterns and social behavior?

Karl Marx
Thorstein Veblen
John Stuart Mill
Adam Smith

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