Interesting Quiz On Economics - 2
Do you really know everything about Economics?
- 1.What now-debunked law of Economics essentially states that "supply creates its own demand"?
- A.
Campbell's Law
- B.
Say's Law
- C.
Bowley's Law
- D.
Keynes' Law
- 2.Which U.S. President's image was stamped onto the last new dollar coin design of 2011?
- A.
Rutherford B. Hayes
- B.
Ulysses S. Grant
- C.
James Garfield
- D.
Chester A. Arthur
- 3.What is the term for the difference between actual transaction costs and the amount actually paid?
- A.
Runoff
- B.
Slippage
- C.
Service Gap
- D.
Diminution
- 4.Used in economics to discount unlikely scenarios and variables, the Latin expression ceteris paribus translates to...
- A.
For All Intents And Purposes
- B.
Besides The Obvious
- C.
Other Things Being Equal
- D.
Without Regard
- 5.NASDAQ purchased which American stock exchange in 2007?
- A.
Philadelphia Stock Exchange
- B.
Chicago Stock Exchange
- C.
Arizona Stock Exchange
- D.
Boston Stock Exchange
- 6.Which of the following is not an inflation-indexed bond?
- A.
Real Return Bonds
- B.
I-Bonds
- C.
TIPS
- D.
Treasury Notes
- 7.What classification of debt lies between investment-grade debt and junk bonds?
- A.
Medium-Yield Debt
- B.
Low-Yield Debt
- C.
Slow-Yield Debt
- D.
High-Yield Debt
- 8.Which of the following economists would not be considered a disciple of John Maynard Keynes?
- A.
Alvin Nansen
- B.
Paul Krugman
- C.
Milton Friedman
- D.
Paul Anthony Samuelson
- 9.Which of the following is not an example of a "club good"?
- A.
A Lighthouse
- B.
A Private Park
- C.
A Movie Theater
- D.
Satellite Television
- 10.What type of framework is used to study a theoretical economy cut off from the outside world and with only one economic agent?
- A.
Robinson Crusoe Economy
- B.
Swiss Family Robinson Economy
- C.
Survivor Economy
- D.
Tempest Economy
- 11.Which of the following people did not do jail time for income tax evasion?
- A.
Al Capone
- B.
Spiro T. Agnew
- C.
Wesley Snipes
- D.
Leona Helmsley
- 12.In terms of percentage, the largest daily loss in Dow Jones history took place on what date?
- A.
October 15th, 2008
- B.
October 19th, 1987
- C.
October 27th, 1997
- D.
October 28th, 1929
- 13.On the S&P ratings scale, what is the highest long-term credit rating a country can hold?
- A.
AA+
- B.
AA
- C.
AAA+
- D.
AAA
- 14.How many U.S. banks failed between 2005 and 2006?
- A.
7
- B.
1
- C.
0
- D.
19
- 15.What document is usually included with a 401(k) to help the employee better understand it?
- A.
Administrative Services Agreement
- B.
Base Plan Document
- C.
Adoption Agreement
- D.
Summary Plan Description
Questions: 10 | Attempts: 25327 | Last updated: Mar 22, 2022
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