Economic thinkers
Explore Economic Thinkers
Test your knowledge about influential economic thinkers through this engaging quiz! Dive deep into questions about the beliefs and contributions of philosophers like Karl Marx, Adam Smith, and Friedrich Hayek.
Explore topics such as:
- Key economic theories
- Differences between capitalism and socialism
- Major contributions of economic theorists
What did Karl Marx believe the final stage was in the economic system?
Socialism will rule as capitalism has too many flaws.
Monopolisation of all major industries
Capitalism will reign supreme
Communism as capitalism will self-destruct due to its flaws and weaknesses.
Armageddon
Which one of these economic thinkers believed that individuals have the best knowledge of their own situation?
Which of these economic ideas were associated with Adam Smith? | |
|---|---|
Division of labour | |
Capitalists exploit workers | |
The invisible hand | |
Specialisation | |
Herding instincts |
True or false? Marxism is the idea of or belief in a classless society
True
False
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