How Smart Are You About Economic Theories?

The economy may be about the only human creation that works better in practice than in theory. Still, economists are busy churning out theories to explain the behavior of markets and investors. Advisors may occasionally find some of these theories useful in helping clients understand why the economy behaves in a certain way. Take this quiz to test your understanding of 12 economic theories, both popular and obscure. If you get half right, count yourself an economic theorist of the first order.