History Of Economics Quiz: Trivia!

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  • 1/8 Questions

    Who is the Father of Modern Economics?

    • Karl Marx
    • Francois Quesnay
    • David Ricardo
    • Thomas Robert Malthus
    • Adam Smith
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About This Quiz

What do you understand about the history of economics? This quiz will determine how much you know about this topic. The history of economics involves different thinkers that have theories about certain economic matters. It encompasses many schools of economic thought. The activities of those in a society have a significant influence on financial health. Try taking this quiz and see how much you know.

History Of Economics Quiz: Trivia! - Quiz

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  • 2. 

    The word economics comes from what Greek word?

    • Oikosnomos

    • Oisokonoms

    • Oikonomos

    • Oidonomos

    • Oikosnomod

    Correct Answer
    A. Oikonomos
    Explanation
    The correct answer is "Oikonomos." The word "economics" is derived from the Greek word "oikonomos," which means "household management" or "management of resources." This term was used by the ancient Greeks to refer to the management of household finances and resources. Over time, the meaning of economics expanded to include the study of the production, distribution, and consumption of goods and services at a larger scale.

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  • 3. 

    What did Plato talk about in Economics?

    • Division of Labor

    • Work

    • Food

    • Growing Population

    • Lands

    Correct Answer
    A. Division of Labor
    Explanation
    Plato discussed the concept of division of labor in economics. He explored how different individuals could specialize in specific tasks to increase productivity and efficiency within a society. This division would allow people to focus on their strengths and skills, leading to overall economic growth and development. By emphasizing the importance of specialization, Plato recognized the benefits of a structured and organized economic system that maximizes the potential of each individual.

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  • 4. 

    What led to the Physiocrats?

    • Mercantalists

    • Classicists

    • Keynsians

    • Physiocrats

    Correct Answer
    A. Mercantalists
    Explanation
    The correct answer is Mercantilists. The Physiocrats emerged as a response to the mercantilist economic policies that were prevalent during the 18th century. The mercantilists believed in the accumulation of wealth through trade and the importance of a strong state to regulate and control economic activities. The Physiocrats, on the other hand, rejected mercantilist ideas and advocated for free trade, emphasizing the role of agriculture as the primary source of wealth in a nation. They believed in the natural order of economic activities and the importance of allowing markets to operate freely without government interference.

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  • 5. 

    Who wrote the book, TOPICS AND RHETORICS?

    • Plato

    • Xenophon

    • Aristotle

    • Francios Quesnay

    • Karl Marx

    Correct Answer
    A. Aristotle
    Explanation
    Aristotle wrote the book "Topics and Rhetorics."

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  • 6. 

    What book did Plato right?

    • Democratic

    • The Essay of Marginal Returns

    • TABLEU ECONOMIQUE

    • Republic

    • TOPICS AND RHETORICS

    Correct Answer
    A. Republic
    Explanation
    Plato wrote the book "Republic".

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  • 7. 

    On the emergence of ideas about economics, Xenophon's instructional treatise was called?

    • Oconomocius

    • Economicus

    • Oeconomicus

    • Conomicus

    • Economics

    Correct Answer
    A. Oeconomicus
    Explanation
    Xenophon's instructional treatise on economics was called "Oeconomicus." This term refers to the study of household management and the management of resources. Xenophon's treatise focused on topics such as agriculture, property management, and the role of women in the household. The term "Oeconomicus" is derived from the Greek word "oikonomikos," which means "pertaining to household management." This treatise by Xenophon is one of the earliest known works on economics and provides valuable insights into the economic practices of ancient Greece.

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  • 8. 

    Xenophon's instructional treatise: Described the ____________ where the products were neither ______ nor traded on _________ exchange or _________ for it's own sake.

    Correct Answer
    premarket. uniform. organized. analyzed
    Explanation
    Xenophon's instructional treatise described the concept of a premarket, where the products were neither uniform nor traded on an organized exchange or analyzed for its own sake.

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  • Mar 22, 2023
    Quiz Edited by
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  • Jun 27, 2009
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    Danbaldy
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