Test 6 - People Flashcards
1
Q
Who is associated with the statement “bad money drives out good?”
A
Sir Thomas Gresham
2
Q
Who is associated with the term comparative advantage?
A
David Ricardo
3
Q
Who wrote Das Kapital?
A
Karl Marx
4
Q
Who is associated with the Diamond-Water Paradox?
A
Carl Menger
5
Q
Who is associated with the term “invisible hand”?
A
Adam Smith
6
Q
Who is associated with the term “monetarism”?
A
Milton Friedman
7
Q
Who introduced the New Deal?
A
Franklin Roosevelt
8
Q
Who wrote Physiocracy?
A
Pierre Samuel du Pont
9
Q
Who was the prophet of doom?
A
Thomas Robert Malthus
10
Q
Who introduced supply-side economics?
A
Ronald Reagan
11
Q
Who introduced standardized parts?
A
Henry Ford
12
Q
Who is the founder of modern economics and the author of The Wealth of Nations?
A
Adam Smith
