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Quizzes on Economics

Quiz No. 10 (Great Economists)

Read the following Paragraphs and answer the following Questions Teamwise

Ludwig Heinrich Edler von Mises was an Austrian-American theoretical Austrian School economist. Mises wrote and lectured extensively on behalf of classical liberalism. He is best known for his work on praxeology, a study of human choice and action. Mises emigrated from Austria to the United States in 1940.

Carl Menger was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theory of marginalism, which rejected the cost-of-production theories of value, such as were developed by the classical economists such as Adam Smith and David Ricardo.

Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as Chair of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chair, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis.

William Stanley Jevons FRS was an English economist and logician. Irving Fisher described Jevons's book A General Mathematical Theory of Political Economy as the start of the mathematical method in economics. It made the case that economics as a science concerned with quantities is necessarily mathematical.

(Start Quiz) Team 1



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