Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which economist is considered the father of modern economics?
Which economist is considered the father of modern economics?
- Karl Marx
- Alfred Marshall
- John Maynard Keynes
- Adam Smith (correct)
Which term is used to describe the core economic activities of production, distribution, and consumption?
Which term is used to describe the core economic activities of production, distribution, and consumption?
- Maximizing behavior
- Wealth (correct)
- Political Economy
- Optimizing behavior
Who is credited with the neo-classical definition of economics as the study of mankind in the ordinary business of life?
Who is credited with the neo-classical definition of economics as the study of mankind in the ordinary business of life?
- John Maynard Keynes
- Karl Marx
- Adam Smith
- Alfred Marshall (correct)
Which economist is associated with the classical definition of economics as the study of the nature and causes of a nation’s wealth?
Which economist is associated with the classical definition of economics as the study of the nature and causes of a nation’s wealth?
Signup and view all the answers
What is the term used to describe the study of activities related to human beings and their material welfare in the context of economics?
What is the term used to describe the study of activities related to human beings and their material welfare in the context of economics?
Signup and view all the answers
