Economics Unit Test Quiz
Take this quiz and learn more about Economics
Questions and Answers
- 1.
What country started a stock exchange called "Mothers"?
- A.
Japan
- B.
Russia
- C.
Brazil
- D.
England
Correct Answer
A. JapanExplanation
The correct answer is Japan. Japan started a stock exchange called "Mothers". This indicates that Japan was the first country to establish this particular stock exchange.Rate this question:
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- 2.
In what city are the headquarters of the South China Morning Group?
- A.
Hong Kong
- B.
New York
- C.
Beijing
- D.
Taiwan
Correct Answer
A. Hong KongExplanation
The headquarters of the South China Morning Group are located in Hong Kong. Hong Kong is a major financial and business hub in Asia, making it an ideal location for the headquarters of a media group. Additionally, the South China Morning Group is known for its coverage of news and events in the Greater China region, including Hong Kong, further supporting the fact that its headquarters are in Hong Kong.Rate this question:
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- 3.
Brooks Brothers is owned by what European company?
- A.
International Fashion
- B.
Retail Brand Alliance
- C.
Brooks Brothers Ltd.
- D.
European Fashion Ltd.
Correct Answer
B. Retail Brand AllianceExplanation
Brooks Brothers is owned by Retail Brand Alliance, which is a European company.Rate this question:
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- 4.
What is the Eurostar?
- A.
A European Candy Bar
- B.
A High Speed Passenger Train
- C.
A Form Of Currency
- D.
A Type Of Mini-Van
Correct Answer
B. A High Speed Passenger TrainExplanation
The Eurostar is a high-speed passenger train that operates between the United Kingdom and mainland Europe. It connects cities such as London, Paris, and Brussels through the Channel Tunnel. The Eurostar is known for its speed and efficiency, offering a convenient mode of transportation for travelers between these destinations. It is not a candy bar, a form of currency, or a type of mini-van.Rate this question:
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- 5.
In which state can you find Wendy's headquarters?
- A.
Kansas
- B.
Ohio
- C.
Texas
- D.
Kentucky
Correct Answer
B. OhioExplanation
Wendy's headquarters is located in Ohio.Rate this question:
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- 6.
Who was known as the first person to make one million dollars in one year?
- A.
Mark Twain
- B.
Henry Ford
- C.
Thomas Edison
- D.
Al Capone
Correct Answer
D. Al CaponeExplanation
Al Capone is known as the first person to make one million dollars in one year. He was a notorious American gangster during the Prohibition era and made a significant fortune through illegal activities, primarily bootlegging and organized crime. His wealth and influence in the criminal underworld allowed him to accumulate such a substantial amount of money in a single year.Rate this question:
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- 7.
Which market did the Hunt brothers try to corner in the 1970's?
- A.
Platinum
- B.
Copper
- C.
Gold
- D.
Silver
Correct Answer
D. SilverExplanation
The Hunt brothers attempted to corner the silver market in the 1970s. They believed that the value of silver would increase significantly, so they started buying large amounts of silver, causing the price to rise. Eventually, their actions attracted the attention of regulators and the price of silver collapsed, resulting in financial losses for the Hunt brothers.Rate this question:
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- 8.
The current headquarters for GM sits on the Detroit River. What was it called before GM bought it and moved in?
- A.
City County Building
- B.
Detroit County Building
- C.
Urban Blight
- D.
Renaissance Center
Correct Answer
D. Renaissance CenterExplanation
Before GM bought it and moved in, the current headquarters for GM on the Detroit River was called the Renaissance Center.Rate this question:
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- 9.
What is the name of the currency in Angola?
- A.
Yenta
- B.
Kwanza
- C.
Dollar
- D.
Drakma
Correct Answer
B. KwanzaExplanation
The correct answer is Kwanza. Kwanza is the official currency of Angola. It was introduced in 1977 to replace the Angolan escudo. The currency is named after the Kwanza River, the longest river in Angola. The Kwanza is subdivided into 100 units called cêntimos. It is widely used for all financial transactions within the country.Rate this question:
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- 10.
In the 1970's, what company outspent its nearest rival by $200 million on TV advertising?
- A.
Sears
- B.
Kmart
- C.
Procter & Gamble
- D.
Sony
Correct Answer
C. Procter & GambleExplanation
In the 1970s, Procter & Gamble outspent its nearest rival by $200 million on TV advertising. This indicates that Procter & Gamble was highly invested in promoting its products and brand through television commercials during that time. By outspending its competitors, Procter & Gamble aimed to gain a competitive edge in the market and capture the attention of consumers through extensive advertising campaigns.Rate this question:
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- 11.
Visteon was "spun off" from what bigger company?
- A.
Chrysler
- B.
General Motors
- C.
Ford
- D.
Time Warner
Correct Answer
C. FordExplanation
Visteon was "spun off" from Ford. This means that Visteon was originally a part of Ford but was separated or divested from the company to become an independent entity.Rate this question:
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- 12.
What company paid $70 million to show "Harry Potter and the Sorcerer's Stone" on television?
- A.
Warner Brothers
- B.
FOX
- C.
Universal
- D.
Disney
Correct Answer
D. Disney -
- 13.
What special effects company was founded by George Lucas?
- A.
JVC
- B.
SFX
- C.
SPX
- D.
ILM
Correct Answer
D. ILMExplanation
ILM stands for Industrial Light & Magic, which is the special effects company founded by George Lucas. It is a renowned company in the film industry known for its groundbreaking visual effects work, particularly in movies like Star Wars and Jurassic Park. ILM has played a significant role in revolutionizing the field of special effects and has won numerous Academy Awards for its exceptional work.Rate this question:
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- 14.
How many Enron employees lost their jobs in the bankruptcy scandal of 2001?
- A.
Only 100
- B.
4500
- C.
3000
- D.
1800
Correct Answer
B. 4500Explanation
In the bankruptcy scandal of 2001, a large number of Enron employees lost their jobs. The correct answer is 4500, indicating that this many employees were affected by the scandal. This suggests that the bankruptcy had a significant impact on the company's workforce, resulting in a substantial number of job losses.Rate this question:
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- 15.
What company made huge profits by backing "Harry Potter and the Sorcerers Stone" as a movie?
- A.
AOL Time Warner
- B.
Universal
- C.
Dreamworks
- D.
Disney
Correct Answer
A. AOL Time WarnerExplanation
AOL Time Warner made huge profits by backing "Harry Potter and the Sorcerer's Stone" as a movie. This can be attributed to the fact that the movie was highly successful and became a global phenomenon, leading to significant box office earnings and merchandise sales. AOL Time Warner, as the parent company of Warner Bros. Pictures, which produced and distributed the film, would have benefited greatly from its financial success.Rate this question:
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Mar 19, 2023Quiz Edited by
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Mar 18, 2015Quiz Created by
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