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Froggy Jumps
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Economics Essentials Quiz

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Economics Essentials Quiz

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Core micro/macro concepts and definitions

Created by

Tejal Mota
Tejal Mota
India

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Economics Essentials Quiz
 

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Economics Essentials QuizOnline version

Core micro/macro concepts and definitions

by Tejal Mota
1

Which economist defined economics as the science that studies human behavior as a relation between ends and scarce means?

2

Which economist described economics as the study of how societies use scarce resources to produce valuable goods and distribute them among people?

3

Which economist is famous for the idea of the invisible hand and free markets?

4

Which economist defined economics as the study of mankind in the ordinary business of life?

5

What does microeconomics focus on?

6

What does macroeconomics study?

7

Which area is concerned with price determination in a specific market?

8

Which concept is macroeconomic in nature?

9

Which economist is associated with neoclassical microeconomics and partial equilibrium analysis?

10

Scarcity is a fundamental idea highlighted in the definitions of economics by which thinkers?

 
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