Which economist introduced the concept of 'creative destruction'?
Answer
Joseph Schumpeter
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Which economist introduced the concept of 'creative destruction'?
Answer
Joseph Schumpeter
What theory holds that individuals form expectations based on all available information?
Answer
Rational expectations theory
In which year was 'The General Theory of Employment, Interest and Money' published?
Answer
1936
What concept describes the next best alternative foregone in a decision?
Answer
Opportunity cost
Which theory asserts that money supply is the primary driver of economic activity?
Answer
Monetarism
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Latest trivia questions
What theory holds that individuals form expectations based on all available information?
Answer
Rational expectations theory
What concept describes the next best alternative foregone in a decision?
Answer
Opportunity cost
What economic school advocates for minimal government intervention in markets?
Answer
Classical economics
What is the law that states quantity demanded falls as price rises?
Answer
Law of demand
Which economist developed the theory of comparative advantage?
Answer
David Ricardo
What theory suggests that population growth will outstrip food supply?
Answer
Malthusianism
Which economic theory posits that government intervention can stabilize the economy?
Answer
Keynesian economics
Who is the author of 'The Wealth of Nations'?
Answer
Adam Smith