Test 6 - People Flashcards Preview

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Flashcards in Test 6 - People Deck (12)
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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