5 Questions
Who is known as the father of classical economics?
Adam Smith
What is the 'invisible hand' theory associated with?
Adam Smith
What is considered the 'bible of economics'?
Wealth of Nations
Define 'unemployment' as per the text.
Absence of job opportunities to those who are willing to do a job
According to Immanuel Wallerstein, how is capitalism defined?
The endless accumulation of capital
Test your knowledge of economic theories and concepts with this quiz on Adam Smith, the father of classical economics, and his influential ideas such as the invisible hand and the Wealth of Nations. Explore topics like commodities, demand, supply, and market dynamics in this insightful quiz.
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