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Adam Smith was a Scottish economist and philosopher known for his work The Wealth of Nations. The book, published in 1776, is considered the foundation of modern economics and explores the benefits of division of labor and free trade.
This quiz on Adam Smith covers his life, major contributions, and thoughts on economics. Test your knowledge of his ideas and their significance in today's world. Whether you're a student or just interested in economics, this quiz will challenge and educate you on one of the most influential figures in the field.
What is the full name of Adam Smith?
Adam Smith
William Adam Smith
Adam Ferguson Smith
Adam Mitchell Smith
What is the main work of Adam Smith?
The Theory of Moral Sentiments
An Inquiry into the Nature and Causes of the Wealth of Nations
The Social Contract
The Republic
When was Adam Smith born?
1723
1720
1722
1721
Where was Adam Smith born?
Glasgow, Scotland
Edinburgh, Scotland
London, England
Dublin, Ireland
What is the economic theory proposed by Adam Smith?
Mercantilism
Capitalism
Socialism
Feudalism
What is the principle of economic growth proposed by Adam Smith?
Invisible hand
Trickle-down effect
The Laffer curve
None of the above
What is the main contribution of Adam Smith in the field of economics?
The concept of supply and demand
The concept of comparative advantage
The concept of production function
All of the above
What is the book written by Adam Smith that discusses the morality and ethics of economics?
The Theory of Moral Sentiments
An Inquiry into the Nature and Causes of the Wealth of Nations
The Social Contract
The Republic
What was the occupation of Adam Smith?
Philosopher
Economist
Politician
All of the above
What was Adam Smith's educational background?
Philosophy and law
Economics and law
Philosophy and economics
Economics and mathematics
What is the relationship between Adam Smith and the Scottish Enlightenment?
Smith was a member of the Scottish Enlightenment
Smith was the leader of the Scottish Enlightenment
Smith was not associated with the Scottish Enlightenment
None of the above
What is the significance of Adam Smith in the development of modern economics?
Smith is considered the father of modern economics
Smith is considered one of the pioneers of modern economics
Smith has no significant contribution to modern economics
None of the above
What was the view of Adam Smith on government intervention in the economy?
In favour of limited government intervention
In favour of extensive government intervention
Against government intervention in the economy
None of the above
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