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Adam Smith
  • 1. Who is considered the founder of modern economics and the author of 'The Wealth of Nations'?
A) John Maynard Keynes
B) Karl Marx
C) Friedrich Hayek
D) Adam Smith
  • 2. When was Adam Smith born?
A) 1804
B) 1723
C) 1672
D) 1758
  • 3. In which country was Adam Smith born?
A) Scotland
B) Germany
C) France
D) England
  • 4. What academic subject was Adam Smith primarily known for?
A) Chemistry
B) Psychology
C) Economics
D) Physics
  • 5. What concept did Adam Smith introduce in 'The Wealth of Nations' to describe the self-regulating nature of the marketplace?
A) Central planning
B) Command economy
C) Invisible hand
D) State capitalism
  • 6. Which university did Adam Smith attend?
A) Harvard University
B) University of Glasgow
C) University of Oxford
D) Sorbonne University
  • 7. What was Adam Smith's profession?
A) Engineer
B) Artist
C) Doctor
D) Philosopher
  • 8. Adam Smith is often associated with which economic theory that advocates for minimal government intervention in the economy?
A) Mercantilism
B) Laissez-faire
C) Keynesian Economics
D) Socialism
  • 9. What was the title of the first major work by Adam Smith?
A) The Communist Manifesto
B) The General Theory of Employment, Interest, and Money
C) The Theory of Moral Sentiments
D) Das Kapital
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