Home / My courses / UGRD-ECON6151-2133T / Week 2-3: History of Microeconomics / Prelim Quiz 2

Started on Sunday, 31 July 2022, 11:28 AM

State Finished
Completed on Sunday, 31 July 2022, 11:45 AM
Time taken 17 mins 4 secs
Marks 10.00/10.00
Grade 100.00 out of 100.00

Question 1 This studied human activities involved with "wealth-getting" which could be unnatural as well as natural.
Correct

Mark 1.00 out of Select one:

1.00
a. Adam Smith

b. Chrematistiks 

c. Oikonomiks

d. Jeremy Bentham

Question 2 He draws an analogy between the Principles of Maximum Energy and the Principles of Greatest Happiness.
Correct

Mark 1.00 out of Select one:

1.00 
a. Francis Ysidro Edgeworth

b. Egoistic Hedonism

c. Cournot

d. Pareto

Question 3
This was an analysis of how decisions were made regarding the management of resources.
Correct

Mark 1.00 out of Select one:

1.00
a. Chrematistiks

b. Adam Smith

c. Jeremy Bentham

d. Oikonomiks 

Question 4 He is the best known of the early contributors to French rationalist microeconomics wherein he perceives the quantity demanded as a
Correct continuous function of the price.
Mark 1.00 out of
1.00 Select one:
a. Augustin Cournot 

b. Francis Ysidro Edgeworth

c. Plato

d. Jevons

Question 5 His influence on the development of microeconomics is through the work of Leon Walras.
Correct

Mark 1.00 out of Select one:

1.00
a. Cournot 

b. Adam Smith

c. Pareto

d. Francis Ysidro Edgeworth

Question 6
This was defined by Sidgwick as the system that fixes as the reasonable ultimate end of each individual's action his own greatest
Correct happiness.
Mark 1.00 out of
1.00 Select one:
a. Egoistic Hedonism 

b. Augustin Cournot

c. Utilitarian approach

d. Jevons

Question 7 He is an English philosopher who laid the foundation for British Utilitarian microeconomics in his Introduction to the Principles of Morals
Correct and Legislation.
Mark 1.00 out of
1.00 Select one:
a. Francis Ysidro Edgeworth

b. Adam Smith

c. Jeremy Bentham 

d. Chrematistiks

Question 8 This may be used as a tool to aid in the decision making process.
Correct

Mark 1.00 out of Select one:

1.00
a. Greeks

b. Microeconomics 

c. Economics

d. Plato

Question 9
He was the successor to Walras at the University of Lausanne whose name has been associated with the basic criteria used as a measure
Correct of efficiency.
Mark 1.00 out of
1.00 Select one:
a. Cournot

b. Plato

c. Pareto 

d. Francis Ysidro Edgeworth

Question 10
They are often regarded as the first important contributors to Western culture.
Correct

Mark 1.00 out of Select one:

1.00
a. Mongols

b. Greeks 

c. Aztecs

d. Indians

◄ Lesson 2: History of Microeconomics Jump to... Lesson 3: Theories of Microeconomics ►