Modern Economics as a Field of Study Is Usually Thought

question 96

Multiple Choice

Modern economics as a field of study is usually thought to have begun with

• A) Adam Smith and the writing of The Wealth of Nations.
• B) David Ricardo and the writing of The Principles of Political Economy and Taxation.
• C) Aristotle and the writing of Politics and Ethics.
• D) Moses and the Ten Commandments.

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Definitions:

Psychology

The scientific study of the mind and behavior, including understanding mental functions, brain activities, and individual and social behaviors.

Political Implications

The consequences or effects that a certain policy, event, or decision might have on the political landscape.

Adoption Studies

Research methods in behavioral genetics, looking at the similarities between adopted children and their adoptive and biological parents to understand the influence of genetics versus environment.

Nature

The inherent features, characteristics, or qualities of something, often contrasted with nurture, which refers to the influence of the environment and learning.