Interesting Quiz On Economics - 2

15 Questions | Total Attempts: 124

SettingsSettingsSettings
Interesting Quiz On Economics - 2 - Quiz

Do you really know everything about Economics?


Questions and Answers
  • 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

Back to Top Back to top