Podcast
Questions and Answers
Which book is considered a landmark work in economics and was published during the Great Depression?
Which book is considered a landmark work in economics and was published during the Great Depression?
- The Wealth of Nations
- The Wealth of the Nation
- The Great Theory of Employment and Money
- The Great Theory of Employment, Interest and Money (correct)
What is the meaning of the Greek word 'oikanomia'?
What is the meaning of the Greek word 'oikanomia'?
- Household Management (correct)
- Proper Allocation
- Economics
- Efficient Use of Resources
Who published the book 'The Wealth of the Nation'?
Who published the book 'The Wealth of the Nation'?
- Adam Smith (correct)
- John Meynard Keynes
- Fajardo
- None of the above
What year did Adam Smith publish 'The Wealth of the Nation'?
What year did Adam Smith publish 'The Wealth of the Nation'?
Which book is considered a landmark work in economics and was published in the same year as the American Declaration of Independence?
Which book is considered a landmark work in economics and was published in the same year as the American Declaration of Independence?
According to Fajardo, what is economics?
According to Fajardo, what is economics?
What is the Greek word 'oikanomia' commonly translated as?
What is the Greek word 'oikanomia' commonly translated as?
Who published the book 'The Great Theory of Employment, Interest and Money'?
Who published the book 'The Great Theory of Employment, Interest and Money'?
What was Adam Smith's contribution to economics?
What was Adam Smith's contribution to economics?
When was 'The Wealth of the Nation' published?
When was 'The Wealth of the Nation' published?
Study Notes
Economics Landmarks
- "The Wealth of Nations" is considered a landmark work in economics and was published during the Great Depression.
Origins of Economics
- The Greek word "oikonomia" is the origin of the term "economics" and means "household management".
- It is commonly translated as "household management".
Notable Economists and Their Works
- Adam Smith published "The Wealth of Nations" in 1776, the same year as the American Declaration of Independence.
- "The Wealth of Nations" is considered a landmark work in economics.
- According to Fajardo, economics is the science that studies how to optimize the use of scarce resources to satisfy unlimited human wants.
- John Maynard Keynes published "The General Theory of Employment, Interest and Money".
Contributions to Economics
- Adam Smith's contribution to economics was the concept of the "invisible hand" and the idea of free markets.
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Description
Test your knowledge of the key concepts and theories in microeconomics with this informative quiz. From Adam Smith's groundbreaking book to the impact of John Maynard Keynes, this quiz will cover the fundamentals of microeconomics and its role in shaping economic growth.
