Fun Trivia Questions On Economics

15 Questions | By Thames | Last updated: Mar 22, 2022 | Total Attempts: 1371

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Fun Trivia Questions On Economics - Quiz

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