Economics Trivia Questions & Answers

1.Friedrich August Hayek is associated most closely with which economic school of thought?

2.Complete the names of these economists... Harry Ma------z Myron Sc----s G--- B--ker J--- S----- M---

3.In 2009 the first woman to win a Nobel Prize in economics was [------ --- -----]

4.In 2001 Joseph E. Stiglitz won the Nobel prize for his work on?

5.I was born in 1881 and died in 1973. I attended the University of Vienna. I titled my treatise on economics "Human Action". Who am I? [------ --- -----]

6.who said: I am in favour of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

7.What organisation is located on Threadneedle Street? [--- ---- -- -------]

8.The change in total cost that arises when the quantity produced changes by one unit is called the? [-------- ----]

9.Described as the basic relationship between scarcity and choice, the cost of choosing between mutually exclusive options is known as? [----------- ----]

10.A measure of relative satisfaction, often plotted on an indifference curve? [-------]

11.Economics was described as the dismal science by? [------ -------]

12.The inefficient allocation of resources by a market economy is referred to as? [M----- F------]

13.Also known as a transaction spillover, a cost or benefit not transmitted through prices is known as an? [-----------]

14.The publishing of what book in 1776 was described as the effective birth of economics as a separate discipline? [--- ------ -- -------]

15.The labour theory of value is most often associated with which school of economics?

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