The John Keynes Trivia Bonanza
This trivia game is designed to provide students with a little insight about the life and work of John Maynard Keynes. Students are to select one (of the four) possible answers for each question. Students will be given 1 minute to complete the game, and the top score will receive a prize!
- 1.
Where was John Maynard Keynes Born?
- A.
Cambridge University
- B.
London, England
- C.
Cambridge, England
- D.
London, Ontario
Correct Answer
C. Cambridge, EnglandExplanation
John Maynard Keynes was born in Cambridge, England.Rate this question:
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- 2.
Around 1936 there was an extremely high unemployment rate. What was this known as?
- A.
The Great General Decline
- B.
The Great Depression
- C.
Economic downside
- D.
World War Period
Correct Answer
B. The Great DepressionExplanation
The correct answer is "The Great Depression." The Great Depression refers to the severe economic downturn that occurred worldwide in the 1930s. It was characterized by high unemployment rates, widespread poverty, and a significant decline in industrial production and trade. The Great Depression is considered one of the most devastating economic crises in history, with its effects lasting for many years and impacting millions of people around the world.Rate this question:
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- 3.
What Treaty did Keynes disagree with and why?
- A.
Treaty of Versailles - he believed it would ruin Germany's economy
- B.
Treaty of Japan - he believed the Japanese would deceive them
- C.
Treaty of Versailles - he believed it would better Germany's economy
- D.
Treaty of Germany - he believed that Germany would be too powerful
Correct Answer
A. Treaty of Versailles - he believed it would ruin Germany's economyExplanation
Keynes disagreed with the Treaty of Versailles because he believed it would ruin Germany's economy. The treaty imposed heavy reparations on Germany, which Keynes argued would lead to economic hardship and hinder the country's ability to recover. He believed that the harsh terms of the treaty would create economic instability and social unrest in Germany, ultimately undermining peace and stability in Europe.Rate this question:
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- 4.
What was to happen as a result of 'deferred savings'?
- A.
War bonds would not be cashed after the war
- B.
The cash received would help stimulate citizens spending on goods
- C.
The cash received would help people lose their jobs
- D.
War bonds would be thrown away
Correct Answer
B. The cash received would help stimulate citizens spending on goodsExplanation
Deferred savings refers to the practice of individuals saving money during a specific period of time with the intention of spending it at a later date. In the context of war bonds, deferred savings would mean that the cash received from the bonds would be saved by citizens instead of being spent immediately. This would result in a decrease in citizens' spending on goods, as the money would be set aside for future use. Therefore, the correct answer is that the cash received would help stimulate citizens' spending on goods, as it implies that the money would be used for immediate consumption rather than being saved.Rate this question:
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- 5.
John Keynes, inspired by his mother, supported the change in what?
- A.
Rights for the homeless
- B.
Rights for African Americans
- C.
Woman's ability to vote
- D.
Global economy
Correct Answer
C. Woman's ability to voteExplanation
John Keynes, influenced by his mother, advocated for the improvement of women's suffrage. He believed in the importance of granting women the right to vote, recognizing their equal capabilities and contributions in society. Keynes understood that empowering women politically was crucial for achieving social progress and equality.Rate this question:
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- 6.
Keynes states that the depression is a problem of which of the following?
- A.
Helping the enemy too much
- B.
Not enough votes for woman's rights
- C.
Too much financing
- D.
Too little investing
Correct Answer
D. Too little investingExplanation
Keynes argues that the depression is a problem of too little investing. He believes that during a depression, there is a lack of confidence and optimism among businesses and individuals, leading to a decrease in investment. This lack of investment further exacerbates the economic downturn as it reduces consumption, production, and employment. Keynes suggests that increasing investment through government intervention and stimulating aggregate demand can help revive the economy and overcome the depression.Rate this question:
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- 7.
In order for goods to be purchased and money to be circulated, Governments should take control of what?
- A.
Money laundering
- B.
Interest rates
- C.
Unemployment rates
- D.
International communism
Correct Answer
B. Interest ratesExplanation
Governments should take control of interest rates in order for goods to be purchased and money to be circulated. Interest rates play a crucial role in influencing consumer spending and investment. By adjusting interest rates, governments can stimulate or restrict economic activity, which in turn affects the circulation of money in the economy.Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Feb 10, 2010Quiz Created by
Clonerg
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