GyanMandal

1. Which 18th-century Scottish economist is best known for his book 'The Wealth of Nations' and the concept of the 'invisible hand'?

A.

David Ricardo

B.

Thomas Malthus

C.

Adam Smith

D.

John Maynard Keynes

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2. Who is the author of *The Wealth of Nations* (1776), a foundational text in classical economics?

A.

Karl Marx

B.

Adam Smith

C.

John Stuart Mill

D.

Friedrich Engels

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3. The economic philosophy of **Adam Smith** is based on the idea of the 'invisible hand'. What does this concept refer to?

A.

Government regulation of the economy

B.

The self-regulating nature of the market through the pursuit of individual self-interest

C.

The need for a central bank to control the money supply

D.

The role of international trade agreements

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