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

12 Questions3 MinutesCreated by ThinkingPineapple42

Name:

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

Which economic thinker was deeply critical of socialism?

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