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Economics Quiz 2 - Statistics

Jump to: Answer Stats | Score Distribution | Your Scores

General Stats

This quiz has been taken 139 times
The average score is 7 of 14

Answer Stats

Hint	Answer	% Correct
Total Revenue - Total Cost	Profit	77%
Who wrote the general theory of employment, interest & money	John Maynard Keynes	69%
A market structure with a few dominant sellers	Oligopoly	67%
When import expenditure exceeds export revenue	Trade Deficit	64%
A good that is non-rivalrous and non-excludable	Public Good	59%
What does the Gini Coefficient measure	Income Inequality	54%
Costs that can't be recovered	Sunk Costs	53%
The increase in the price of a currency	Appreciation	52%
What does PPP stand for	Purchasing Power Parity	50%
Main policy tool of a central bank	Interest Rates	48%
A type of unemployment caused by a downturn in the economy	Cyclical Unemployment	43%
An exchange rate system with no intervention	Floating Exchange Rate System	42%
A Trade Bloc with a common external barrier	Customs Union	25%
The name for a good where demand increases as price increases	Veblen Good	24%

Score Distribution

Percent of People with Each Score

Percentile by Number Answered

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