Economics Of Different Countries! Trivia Quiz

16 Questions | Total Attempts: 306

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Economics Quizzes & Trivia

Different countries have a different organization when it comes to governments, policies which affect their economic state both present and past. How knowledgeable are you when it comes to identifying the economics of different countries and the factors that are different with each? Take up the quiz below and get to find out for sure. All the best, and keep studying!


Questions and Answers
  • 1. 
    Economics can best be defined as which of the following?
    • A. 

      The study of the production, consumption and exchange of all goods and services

    • B. 

      How governments interact with the citizens of their country

    • C. 

      Studying population growth and density in urban areas

  • 2. 
    How “good” life is in a country is determined by which of the following?
    • A. 

      How much money the richest 10% of the population has

    • B. 

      Having a high Gross Domestic Product (GDP) guarantees a “good” life for everyone

    • C. 

      Quality of life; measured by the Human Development Index

    • D. 

      Having little/no access to resources, health care and sanitation

  • 3. 
    Which of the following is a primary factor in determining of quality of life?
    • A. 

      Health care

    • B. 

      Income

    • C. 

      Education

    • D. 

      All the Above

  • 4. 
    Quality of Life in countries that have access to numerous hospitals and medical centers will be:
    • A. 

      High

    • B. 

      Low

  • 5. 
    Quality of Life in countries that struggle to provide clean water and sewage treatment will be:
    • A. 

      High

    • B. 

      Low

  • 6. 
    Quality of Life in countries that have good schools and educational opportunities will be:
    • A. 

      High

    • B. 

      Low

  • 7. 
    Longevity refers to which of the following?
    • A. 

      Sustained economic growth over a long period of time

    • B. 

      On average how long people tend to live in a country (Life expectancy)

    • C. 

      A country where the average height is above 6 foot

    • D. 

      A period of rapid economic transformation

  • 8. 
    Which of the following are aspects of a country that are used to measure quality of life?
    • A. 

      Wealth

    • B. 

      Food consumption

    • C. 

      Equality

    • D. 

      Both A and C

  • 9. 
    Equality (As a tool of measurement for quality of life) refers to a balance of Economic and Political Power between which two groups?
    • A. 

      Rich and Poor

    • B. 

      Homeless and Employed

    • C. 

      Men and Women

    • D. 

      Different ethnic groups

  • 10. 
    A country where citizens have high access to resources, jobs and money could be defined as which of the following?
    • A. 

      Wealthy

    • B. 

      Poverty

  • 11. 
    According to the Human Development Index, which country has the highest quality of life?
    • A. 

      Iceland

    • B. 

      Japan

    • C. 

      United States

    • D. 

      China

  • 12. 
    Which of the following statements is the most accurate?
    • A. 

      A high GDP guarantees equality and access to resources for all citizens in a country

    • B. 

      A high GDP does not guarantee a high quality of life for every citizen in a country

    • C. 

      The GDP of a country has no impact on their quality of life

    • D. 

      Quality of life is not measured by any ranking system

  • 13. 
    Gross Domestic Product can best be defined as which of the following?
    • A. 

      The total value of all goods and services produced and consumed in a country (How much money a country has)

    • B. 

      A disgusting household being sold on the black market

    • C. 

      How much money a country loses in exports every year

    • D. 

      The total value of all money generated by taxation of citizens’ income

  • 14. 
    In terms of economics, in what groups are countries put into?
    • A. 

      Developed

    • B. 

      Developing

    • C. 

      Least Developed

    • D. 

      All the Above

  • 15. 
    Which continent has many Developed countries?
    • A. 

      Africa

    • B. 

      Antarctica

    • C. 

      Asia

    • D. 

      Europe

  • 16. 
    Which continent has many Least Developed countries?
    • A. 

      Africa

    • B. 

      Antarctica

    • C. 

      Asia

    • D. 

      Europe

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