Economics Introduction Trivia Quiz

8 Questions | Total Attempts: 157

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Economics Quizzes & Trivia

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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