Economics Introduction Trivia Quiz
8 Questions
| Total Attempts: 157
Economics Introduction Quiz
Questions and Answers
- 1.How does Picket and Strike differ?
- 2.What is Economics?
- A.
The study of money
- B.
The study of finance
- C.
The study of business
- D.
A social science
- 3.What is an Entrepreneur?
- A.
A businessman
- B.
A risk taker
- C.
A financial guy
- D.
A money guy
- 4.What is a partnership?
- A.
Has two partners
- B.
Has two or more owners of the business
- C.
Has two friends in business
- D.
Has two risk takers
- 5.What is the Great Depression?
- A.
A tropical storm
- B.
A new rock band
- C.
A group of patients from the hospital
- D.
Lowest point in the economy
- 6.Adam Smith is the father of Economics
- A.
True
- B.
False
- 7.The Forms of Business Organizations
- A.
Sole proprietorship
- B.
Partnership
- C.
Corporation
- D.
Non-profit organization
- E.
Mergers
- 8.What is Capitalism?
- A.
Production is publicly or commonly owned
- B.
Production is privately owned
- C.
Production is owned by 1 individual
- D.
Production is owned by group of individuals
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