Interesting Quiz On Economics
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Which of the following is not traditionally a pillar of "Reaganomics"?
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Reduce The National Debt
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Reduce Government Spending
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Reduce Government Regulation
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Reduce Income Tax
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Explore key economic policies and financial regulations with this engaging quiz on Economics. Test your knowledge on Reaganomics, 401(k) loans, SEC chairpersons, APEC membership, WTO members, and NYSE circuit breakers. Ideal for learners interested in enhancing their understanding of economic concepts and financial governance.
Quiz Preview
- 2.
What is the minimum amount of a 401(k) loan?
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1000
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5000
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2500
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10000
Correct Answer
A. 1000 -
- 3.
What Obama appointee became the 26th chairperson of the U.S. Securities and Exchange Commission in 2009?
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Annette Nazareth
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Elisse B. Walter
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Mary Schapiro
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Kathleen Casey
Correct Answer
A. Mary Schapiro -
- 4.
Which of the following countries does not participate in the Asia-Pacific Economic Cooperation?
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Laos
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Canada
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China
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Peru
Correct Answer
A. Laos -
- 5.
Which of the following countries is not a full member of the World Trade Organization?
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Lebanon
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Fiji
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Togo
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Mongolia
Correct Answer
A. Lebanon -
- 6.
If the New York Stock Exchange suffers a 10% drop after 2 pm, what "circuit breaker" action occurs?
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One Hour Halt
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Two Hour Halt
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None. The Market Remains Open
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Market Closes For The Day
Correct Answer
A. None. The Market Remains Open -
- 7.
Which of the following currencies is not pegged to the Euro?
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Hungarian Forint
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Danish Krone
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Latvian Lats
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Bosnia And Herzegovina Convertible Mark
Correct Answer
A. Hungarian Forint -
- 8.
How old does a person generally have to be to qualify for a reverse mortgage?
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52
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62
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72
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77
Correct Answer
A. 62 -
- 9.
Which of the following allows a corporation to buy back some or all of its bonds at a predetermined price?
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Protective Covenant
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Call Provision
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Maturity Rule
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Seniority Rule
Correct Answer
A. Call Provision -
- 10.
According to the "rule of thumb", what percentage of your retirement savings is safe to withdraw each year?
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3.33%
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6.66%
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2.50%
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4%
Correct Answer
A. 4% -
- 11.
As of December, 2011, what is the average interest rate on a savings account in the United States?
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1.04%
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0.26%
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0.78%
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0.52%
Correct Answer
A. 0.26% -
- 12.
Which of the following people would see a profit if every single stock decreased in value?
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Short Seller
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Penny Stock Trader
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Security Lender
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Long Seller
Correct Answer
A. Short Seller -
- 13.
Which of the following is not a common cause of interest rate change?
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Inflationary Expectations
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Liquidity Preference
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Deferred Consumption
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Long-Term Political Gain
Correct Answer
A. Long-Term Political Gain -
- 14.
What Economists' "Theory of the Leisure Class" criticized consumerism and introduced the concept of "conspicuous consumption"?
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Alfred Marshall
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John Stuart Mill
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Thomas Malthus
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Thorstein Veblen
Correct Answer
A. Thorstein Veblen -
- 15.
What economic curve postulates that tax rates of both 0% and 100% will yield no revenue?
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Laffer Curve
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Phillips Curve
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Kuznets Curve
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Beveridge Curve
Correct Answer
A. Laffer Curve -
Quiz Review Timeline (Updated): Mar 21, 2022 +
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, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2015Quiz Created by
Alfredhook3
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