Who is known as the father of economics?
Correct answer D. Adam Smith
Explanation
Adam Smith's 1776 work The Wealth of Nations laid the foundations of classical economics, earning him the title of father of economics.
Tip: press A, B, C or D to answer, and N for the next question.
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More Basic of Economics questions
See allWhat is an organisation managed by the people who use its facilities called?
Correct answer C. Cooperative
What is the amount of money needed to buy the goods and services required to maintain a standard of life called?
Correct answer C. Cost of living
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What is a reduction in the money in circulation, resulting in falling prices, known as?
Correct answer D. Deflation
Which index measures the average share price and percentage change of 30 major US industrial companies?
Correct answer B. Dow Jones Index
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