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Microeconomics History and Facts

Microeconomics

A collection of factual questions focusing on key dates, names, and numbers in the development of microeconomic theory.

Economics History Nobel Prize

9 Questions Easy Ages 5+ Apr 8, 2026

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About this Study Set

This study set covers Microeconomics through 9 practice questions. A collection of factual questions focusing on key dates, names, and numbers in the development of microeconomic theory. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

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Browse all 9 questions from the Microeconomics History and Facts study set below. Each question shows the correct answer — select a study format above to practice interactively.

1 In what year did Adam Smith publish 'The Wealth of Nations', a foundational text in microeconomics?

A 1750
B 1776
C 1801
D 1832

2 Who is credited with coining the term 'microeconomics' (originally 'micro-economics') in 1933?

A John Maynard Keynes
B Milton Friedman
C Ragnar Frisch
D Adam Smith

3 In what year did Alfred Marshall publish his influential work 'Principles of Economics'?

A 1890
B 1910
C 1925
D 1945

4 In what year was the first Nobel Prize in Economic Sciences awarded?

A 1901
B 1945
C 1969
D 1990

5 How many primary 'factors of production' are traditionally identified in microeconomic theory?

6 In what year was the seminal book 'Theory of Games and Economic Behavior' by von Neumann and Morgenstern published?

A 1920
B 1933
C 1944
D 1955

7 Who was the first woman to win the Nobel Prize in Economic Sciences, awarded in 2009?

A Janet Yellen
B Elinor Ostrom
C Esther Duflo
D Joan Robinson

8 Lionel Robbins published 'An Essay on the Nature and Significance of Economic Science' in which year?

A 1922
B 1932
C 1942
D 1952

9 The Pareto Principle, named after Vilfredo Pareto, is commonly associated with which numerical ratio?

A 50/50
B 60/40
C 70/30
D 80/20

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