Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Badges and Games
About JetPunk
JetPunk Shop
Dark Mode
Economics Multiple Choice
How many of these questions related to economics can you answer correctly?
Rate:
Last updated: February 6, 2020
You have not attempted this quiz yet.
More quiz info >>
| First submitted | February 5, 2020 |
| Times taken | 789 |
| Average score | 57.1% | Report this quiz | Report |
5:00
The quiz is paused. You have remaining.
Scoring
You scored / = %
This beats or equals
% of test takers
also scored 100%
The average score is
Your high score is
Your fastest time is
Keep scrolling down for answers and more stats ...
1.
Where was the world's first stock exchange established?
Amsterdam
✓
Frankfurt
✓
Paris
✓
Luxembourg
✓
2.
What do Bull and Bear symbolize?
Surplus and Debt
✓
Boom and Downturn
✓
Capitalism and Socialism
✓
3.
What is a goal in mercantilism?
To reduce tariffs
✓
To export more than to import
✓
To put money into circulation
✓
4.
Why does free market economy work, according to Adam Smith?
Because people care for each other
✓
Because everyone cares for his/her own profit
✓
Because the most able end up controlling everything
✓
5.
Which decade is most associated with "Economic Miracles" that took place in Germany, Italy, Japan, and other countries?
1980s
✓
1920s
✓
1950s
✓
1830s
✓
6.
What is stagflation?
an inflation of 0%
✓
Pay raises that match inflation
✓
High inflation + high unemployment
✓
7.
Until 1971, the US Dollar was convertible to which metal?
Copper
✓
Gold
✓
Silver
✓
Iron
✓
8.
What is a key concept of Keynesianism?
Governments should actively stimulate the economy
✓
The unemployed should be forced to work for benefits
✓
The state should only have a bare minimum of tasks
✓
The ideas of John Maynard Keynes played a major role in Franklin D. Roosevelt's New Deal policies of the 1930s and 40s.
9.
Where did Karl Marx believe would socialist societies first emerge?
In highly developed countries
✓
In the whole world at once
✓
In the poorest and most oppressed countries
✓
He thought that capitalism first had to squeeze out its positive effects, before inevitably collapsing after severe crises.
10.
What is the name for a famous group of free market advocates, among them Milton Friedman?
Boston School
✓
Philadelphia School
✓
Chicago School
✓
San Francisco School
✓
11.
Which bank played a major role triggering the 2008 Great Recession when it filed for bankruptcy?
Goldman Sachs
✓
Lehman Brothers
✓
Merrill Lynch
✓
12.
What is measured when one speaks of economic growth of a country?
The median income of its population
✓
The budget surplus it has acquired
✓
The market value of the goods it has produced
✓
13.
Since the 1950s, how has the top tax rate in the United States changed?
It has been lowered continually.
✓
It has been increased continually.
✓
It hardly changed.
✓
During the Eisenhower presidency, the top marginal tax rate stayed around 90%.
14.
Who was usually taxed in ancient Athens?
manufacturers
✓
the richest
✓
foreigners living in the city
✓
farmers
✓
Many considered this an honor.
Comments
No comments yet
New and Popular
Save Your Progress
Copyright H Brothers Inc, 2008–2024
Contact Us | Go To Top | View Mobile Site