Are you about to sit for your first-semester examination for your Economics final? The quiz below is made upon fifty questions and is considered one of the hardest trivia quizzes there is on economics. Give it a try and know that if you manage to get more than half the marks, then you are all set to go. All the best!
True
False
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A nice visit to your home
Interest
An I.O.U
Money that you lost
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Unlimited.
Limited.
Everlasting.
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Saving money
Selling goods
Making loans
Taking money
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Variable cost
Total cost
Fixed cost
Marginal cost
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Resources.
Goods.
Taxes.
Scarcity.
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Land
Labor
Capital
Opportunity Cost
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$200
$20
$100
$400
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Gross Domestic Product
Gross Domestic Production
Great Developing Products
Great Depression Period
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DJIA
NYSE
S&P 500
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Expansion
Contraction
Trough
Peak
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Best alternative given up as a result from decision
Cost of starting a business
A situation in which people do not have enough resources
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A chart that shows the size of a company
Government revenue
International currency
Ownership in a corporation
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Expansion
Contraction
Trough
Peak
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Contraction
Expansion
Trough
Peak
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Toothpaste and dental floss
What bread is to butter
Coffee and tea
Smartphones and headphones
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Federal Deposit Insurance Corporation
Financial Directory Incorporated Company
Federal Deposit Information Company
None of the above
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NAFTA
FACTA
NAP
None of the above
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Income tax
Property tax
Sales tax
All of the above
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Sales
Excise
Capital gains
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Expansion
Peak
Contraction
Trough
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True
False
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Decrease spending
Raise taxes
All of the above
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Sales
Excise
Capital gains
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True
False
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True
False
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Bear
Bull
None of the above
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Bear
Bull
None of the above
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Frictional
Structural
Seasonal
Cyclical
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Traditional
Centrally planned
Mixed
Free market
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Franchise
Corporation
Partnership
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Traditional
Centrally planned
Mixed
Free market
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Minneapolis
Chicago
Cleveland
St. Louis
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Perfect competition
Monopoly
Monopolistic competition
Oligopoly
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True
False
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Price increases// quantity supplied increases
Price increases// quantity supplied decreases
Price increases// quantity demand increases
Price increases// quantity demand decreases
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Traditional
Centrally planned
Mixed
Free market
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Perfect competition
Monopoly
Monopolistic competition
Oligopoly
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Cyclical
Seasonal
Structural
Frictional
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Marginal cost
Fixed cost
Variable cost
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Richard Nixon
Thomas Jefferson
Woodrow Wilson
George Bush
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Make less money
Celebrate a national day
Protect infant industries
Provide more time to produce a product
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Frictional
Structural
Seasonal
Cyclical
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Demand curve
Law of demand
Demand
Income effect
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Trade-off
Opportunity cost
Marginal cost
Marginal benefit
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Cyclical
Seasonal
Structural
Frictional
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Perfect competition
Monopoly
Monopolistic competition
Oligopoly
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Price increases// quantity supplied increases
Price increases// quantity supplied decreases
Price increases// quantity demand increases
Price increases// quantity demand decreases
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