Fun Trivia Questions On Economics

15 Questions | Total Attempts: 744

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Fun Trivia Questions On Economics

Take this ultimate challenging quiz on Economics!


Questions and Answers
  • 1. 
    U.S. Federal income tax on the highest tax bracket peaked at what percentage in 1944?
    • A. 

      78%

    • B. 

      86%

    • C. 

      94%

    • D. 

      62%

  • 2. 
    For 2012, a person filing singly would have to make less than what amount in order to qualify for the lowest federal income tax bracket?
    • A. 

      10700

    • B. 

      7700

    • C. 

      9700

    • D. 

      8700

  • 3. 
    Which of the following types of securities does the U.S. Treasury department not sell through auction?
    • A. 

      Treasury Bills

    • B. 

      Savings Bonds

    • C. 

      TIPS

    • D. 

      Treasury Notes

  • 4. 
    The NASDAQ was created in what year?
    • A. 

      1976

    • B. 

      1986

    • C. 

      1971

    • D. 

      1981

  • 5. 
    Which of the following investment types usually carries a heavy penalty for an early withdrawal?
    • A. 

      Stocks

    • B. 

      Mutual Funds

    • C. 

      Futures

    • D. 

      Certificate Of Deposit

  • 6. 
    When an individual files for Chapter 7 bankruptcy, which variety of assets is generally used to pay off a portion of their debt?
    • A. 

      Non-Exempt Liquid Assets

    • B. 

      Exempt Non-Liquid Assets

    • C. 

      Non-Exempt Non-Liquid Assets

    • D. 

      Exempt Liquid Assets

  • 7. 
    Which of the following is true of a home equity loan?
    • A. 

      The Interest Rate Is Fixed

    • B. 

      The Borrower Only Needs To Pay Interest Each Month

    • C. 

      The Repayment Term Is Usually 30 Years

    • D. 

      The Borrower Never Receives A Lump Sum

  • 8. 
    Which of the following is an alternative name for the Consumer Price Index?
    • A. 

      Mundell Index

    • B. 

      Paasche Index

    • C. 

      Laspeyres Index

    • D. 

      Keynes Index

  • 9. 
    Which of the following states imposes a state-wide sales tax?
    • A. 

      Montana

    • B. 

      New Hampshire

    • C. 

      Delaware

    • D. 

      Wyoming

  • 10. 
    What is the minimum age at which you can withdraw from a Roth 401(k) and not face a 10% penalty fee?
    • A. 

      59 ╜

    • B. 

      57 ╜

    • C. 

      56 ╜

    • D. 

      58 ╜

  • 11. 
    What phrase coined by Adam Smith describes an economy's ability to self-correct imbalances?
    • A. 

      The Self-Turning Wheel

    • B. 

      The Invisible Hand

    • C. 

      The Closed Circle

    • D. 

      The Teeter-Totter Effect

  • 12. 
    As of December, 2011, which of the following company's stocks is not used to compute the Dow Jones Industrial Average?
    • A. 

      Pfizer

    • B. 

      Sears

    • C. 

      3M

    • D. 

      Verizon

  • 13. 
    Which of the following type of mortgage loans is usually not a target for predatory mortgage servicing?
    • A. 

      Scratch And Dent

    • B. 

      Fixed Rate

    • C. 

      Subprime

    • D. 

      Alt-A

  • 14. 
    Which of the following is not an anti-counterfeiting measure instituted by the U.S. Treasury?
    • A. 

      Adding A "Security Strip" To Bills

    • B. 

      Making Bills Heavier

    • C. 

      Add More Colors To Bills

    • D. 

      Adding Larger Portraits To Bills

  • 15. 
    What market form involves a market or industry dominated by a small number of sellers?
    • A. 

      Polyopoly

    • B. 

      Monopoly

    • C. 

      Oligopoly

    • D. 

      Multiopoly