Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Word Search
Badges and Games
About JetPunk
Message Board
Random Quiz
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 | 1,132 |
| 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?
Frankfurt
Luxembourg
Paris
Amsterdam
2. What do Bull and Bear symbolize?
Surplus and Debt
Capitalism and Socialism
Boom and Downturn
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 the most able end up controlling everything
Because people care for each other
Because everyone cares for his/her own profit
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?
an inflation of 0%
High inflation + high unemployment
Pay raises that match inflation
7. Until 1971, the US Dollar was convertible to which metal?
Iron
Gold
Silver
Copper
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?
Philadelphia School
Chicago School
San Francisco School
Boston School
11. Which bank played a major role triggering the 2008 Great Recession when it filed for bankruptcy?
Merrill Lynch
Lehman Brothers
Goldman Sachs
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?
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.
farmers
the richest
foreigners living in the city
manufacturers
Save Your Stats
Your Next Quiz
Can you identify these brands based on their logos?
Can you answer these multiple choice questions about famous works of literature?
Click state capitals. Click nothing but state capitals. Clicking any other city will instantly end the quiz!
Can you guess the 24 most populated countries without getting ONE wrong?
''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.