Amazing Trivia Quiz On Economics
Interested in some trivia on Economics? Let's get kicking
- 1.
What is another name for an unsecured bond?
- A.
Premium Bond
- B.
Sinking Fund
- C.
Debenture
- D.
Discount Bond
Correct Answer
C. Debenture -
- 2.
The process of profiting from the price differences for a single asset in different markets is known as...
- A.
Forex Trading
- B.
Shorting
- C.
Arbitrage
- D.
Speculation
Correct Answer
C. Arbitrage -
- 3.
What billionaire ran for President in 1996 on the platform of a 17% "flat tax"?
- A.
Warren Buffet
- B.
Donald Trump
- C.
Ross Perot
- D.
Steve Forbes
Correct Answer
D. Steve Forbes -
- 4.
What theory explains how deflation can lead to an increase in GDP?
- A.
Friedman Effect
- B.
Solow Effect
- C.
Pigou Effect
- D.
Hobbes Effect
Correct Answer
C. Pigou Effect -
- 5.
Which U.S. President appeared on the $100,000 bill?
- A.
Woodrow Wilson
- B.
James Madison
- C.
William McKinley
- D.
Grover Cleveland
Correct Answer
A. Woodrow Wilson -
- 6.
What is the term for the portion of corporate profits paid out to stockholders?
- A.
Distributed Earnings
- B.
Revenue
- C.
Co-Payments
- D.
Dividends
Correct Answer
D. Dividends -
- 7.
Who was the first chairman of the Federal Reserve?
- A.
Roy A. Young
- B.
Thomas B. McCabe
- C.
Eugene I. Meyer
- D.
Charles S. Hamlin
Correct Answer
D. Charles S. Hamlin -
- 8.
What term indicates precious metals being held, bought, or sold in bulk form?
- A.
Bullion
- B.
Bar Stock
- C.
Ingots
- D.
Karats
Correct Answer
A. Bullion -
- 9.
Cost of living adjustments to Social Security benefits are tied to what?
- A.
Consumer Price Index
- B.
Dow Jones Industrial Average
- C.
Gross Domestic Product
- D.
Producer Price Index
Correct Answer
A. Consumer Price Index -
- 10.
Series EE bonds are issued at what percent of their face value?
- A.
25%
- B.
50%
- C.
75%
- D.
100%
Correct Answer
D. 100% -
- 11.
What economic law states that as you continuously consume a commodity, the satisfaction derived from each subsequent unit will keep falling?
- A.
Law Of Diminishing Returns
- B.
Law Of Diminishing Marginal Utility
- C.
Law Of Diminishing Happiness
- D.
Law Of Diminishing Enjoyment
Correct Answer
B. Law Of Diminishing Marginal Utility -
- 12.
What financial strategy involves investing a small fixed amount at regular intervals rather than investing with one large lump sum?
- A.
Buy And Hold
- B.
Dollar Cost Averaging
- C.
Swing Trading
- D.
Mean Reversion
Correct Answer
B. Dollar Cost Averaging -
- 13.
The DAX 30 is a stock exchange located in what country?
- A.
United Kingdom
- B.
Switzerland
- C.
Denmark
- D.
Germany
Correct Answer
D. Germany -
- 14.
As of 2011, what is the single most-traded commodity in the world?
- A.
Crude Oil
- B.
Natural Gas
- C.
Corn
- D.
Coffee
Correct Answer
A. Crude Oil -
- 15.
The federal government taxes individuals based on what kind of income?
- A.
Total Net Income
- B.
Simple Net Income
- C.
Adjusted Gross Income
- D.
Total Gross Income
Correct Answer
C. Adjusted Gross Income -
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Current Version
-
Mar 15, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2015Quiz Created by
Alfredhook3
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