Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Word Search
Flash Cards
Badges and Games
About JetPunk
Message Board
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 | 1,146 |
| Average score | 57.1% |
| Rating | 4.40 | Report this quiz | Report |
5:00
The quiz is paused. You have remaining.
Copied!
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?
Paris
Frankfurt
Luxembourg
Amsterdam
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?
1920s
1950s
1980s
1830s
6. What is stagflation?
High inflation + high unemployment
an inflation of 0%
Pay raises that match inflation
7. Until 1971, the US Dollar was convertible to which metal?
Iron
Silver
Copper
Gold
8. What is a key concept of Keynesianism?
The ideas of John Maynard Keynes played a major role in Franklin D. Roosevelt's New Deal policies of the 1930s and 40s.
The state should only have a bare minimum of tasks
Governments should actively stimulate the economy
The unemployed should be forced to work for benefits
9. Where did Karl Marx believe would socialist societies first emerge?
He thought that capitalism first had to squeeze out its positive effects, before inevitably collapsing after severe crises.
In the whole world at once
In the poorest and most oppressed countries
In highly developed countries
10. What is the name for a famous group of free market advocates, among them Milton Friedman?
Chicago School
Boston School
San Francisco School
Philadelphia School
11. Which bank played a major role triggering the 2008 Great Recession when it filed for bankruptcy?
Lehman Brothers
Merrill Lynch
Goldman Sachs
12. What is measured when one speaks of economic growth of a country?
The budget surplus it has acquired
The market value of the goods it has produced
The median income of its population
13. Since the 1950s, how has the top tax rate in the United States changed?
During the Eisenhower presidency, the top marginal tax rate stayed around 90%.
It hardly changed.
It has been lowered continually.
It has been increased continually.
14. Who was usually taxed in ancient Athens?
Many considered this an honor.
foreigners living in the city
manufacturers
the richest
farmers
Save Your Stats
Your Next Quiz
Can you name all the countries that have ever been members of OPEC, the Organization of Petroleum Exporting Countries?
For example, the five boroughs of New York City.
We give you the capital city, you give us the country. Twenty randomly-generated questions that change every time you play.
Can you answer these multiple choice questions about famous works of literature?
''Any foreigner staying in Athens for more than a month had to register as a metic, and pay the metic tax - a tax of a drachma a month. As a rule metics were not permitted to own land or work a mine.''
So foreigners were taxed.