Classical Economics led to...?

The development of the General Equilibrium Theory

What is the flaw of the "Economic Man"?

Inaccurate for individual behavior

What is Laissez-Faire?

A term for minimal government involvement (Capitalism)

What is the idea formed by the "Economic Man"?

Every individual makes decisions based on their personal well-being

What did the connection, Don King, do to resemble the "Economic Man"?

Boxing Promoter, taking millions from his fighters for his own benefit

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Group 1 Jigsaw Quiz

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Questions 15

Answers

1
Classical Economics led to...?
Adam Smith's Theory of Economic Digression
O'Brien's General Question
The development of the General Equilibrium Theory
The Angle + 2 Sides Proof
2
What is the flaw of the "Economic Man"?
Based off of Adam Smith, he's old
Inaccurate for individual behavior
There are no flaws.
It's old
3
What is Laissez-Faire?
A term for minimal government involvement (Capitalism)
The government type in George Orwell's 1984
A fancy French word for lazy friends
A term for highly restrictive monarchy
4
What is the idea formed by the "Economic Man"?
Adam Smith was the goat
Individuals are only concerned about other people
The original Economic Man was Adam Smith
Every individual makes decisions based on their personal well-being
5
Which answer is part of "Man is a Cold, Rational Calculator"?
None
We aim to improve our personal well-being by consuming goods and services
Red and Blue
As individuals, we are self-interested
6
What are the two sources of growth?
neither
both
Smithian Growth
Capital Accumulation
7
What is the idea of the "Economic Man" referred to as today?
Rational Choice Theory
Smith's Theory of Excellence in Economics
Theory of Relative Economics
Individuality Theory
8
Classical economics focuses on which of these answers?
NOT factors of production
Factors of production
Boring old stuff
Classical composers and their contributions to modern musical literature
9
What is the basis for most people's economic and social decisions?
Costs and Benefits
Mathematics
Morality
Conscience
10
What is "Man"?
Superhuman
A Technological Machine
A Cold, Rational Calculator
A Man
11
Who came up with the idea of Laissez-Faire?
Adam Smith (finally?)
Aristotle
Winston Smith
Mauricio Gonzalez
12
What did the connection, Don King, do to resemble the "Economic Man"?
A ringmaster of a circus, taking all the profits from the shows for himself
A schoolteacher who took his student's lunch money
Boxing Promoter, taking millions from his fighters for his own benefit
A businessman who conned people out of millions, under the name Byron
13
What is the other reason we make decisions?
Neither
Past experiences and habits
Blue
Because people are mentally insane
14
What was Adam Smith's nationality?
Polish
British
Scottish
Czechoslovakian
15
"The __________ __________ of the market brings order"
Small Foot
Big Pickaxe
Invisible Hand
Flashing Lights

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