Economic Concepts and Managerial Economists Quiz

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Questions and Answers

Which economist is known for their contribution to the development of Economics?

  • Alfred Marshall
  • JM Keynes
  • Adam Smith (correct)
  • Karl Marx

Which definition of economics is based on the concept of scarcity?

  • Scarcity Definition (correct)
  • Wealth Definition
  • Welfare Definition
  • Growth Definition

Who is considered a classical economist?

  • Adam Smith (correct)
  • Alfred Marshall
  • JM Keynes
  • Karl Marx

Which economist is associated with the neo-classical school of thought?

<p>Alfred Marshall (A)</p> Signup and view all the answers

Who is considered a modern economist?

<p>JM Keynes (B)</p> Signup and view all the answers

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