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Economics Essentials Quiz

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Questions and Answers

What does an economy emphasize?

The practices, discourses, and material expressions associated with the production, use, and management of scarce resources (correct)

The distribution and trade of goods and services

The social organization and political structure

The consumption of goods and services

What factors are involved in a given economy?

History, social organization, political structure

Culture, values, education, technological evolution (correct)

Legal systems, natural resources, and monetary transactions

Labor, capital, and industrial relations

Who can be economic agents?

Only businesses and organizations

Only organizations and governments

Only individuals and businesses

Individuals, businesses, organizations, or governments (correct)

What spurs economic activity?

Production using natural resources, labor, and capital Signup and view all the answers

What has changed economic activity over time?

Technology, innovation, and changes in industrial relations Signup and view all the answers

Who is traditionally credited as the author of the Arthashastra?

Kautilya Signup and view all the answers

During which period was the Arthashastra composed, expanded, and redacted?

2nd century BCE to 3rd century CE Signup and view all the answers

Who rediscovered the Arthashastra in 1905?

R. Shamasastry Signup and view all the answers

In which century did the Arthashastra disappear from influence?

12th century Signup and view all the answers

In what century was the first English translation of the Arthashastra published?

1915 Signup and view all the answers