Economy Quizzes & Trivia

Calling all experts in Economics out there! Can you supply us with the great demand for knowledge? Challenge your knowledge and understanding of Economics with our entertaining quizzes that will bring out your inner Marx or Smith. Can you handle topics like the monetary policy, international economies, fiscal deficit, and inflation? Those are just for starters, by the way. We have a surplus of other quizzes to offer as well.

We hope you won't have a shortage of answers though! So, are you ready to prove your economic wisdom? We'll find out soon enough! Will it be an inflation of information or will there be a great deficit of it? Attempt our "Economy" quizzes to find out!

Questions: 10 | Attempts: 395 | Last updated: Sep 3, 2013

Sample Question
A health technology assessment can examine the consequences of applying a health technology with regard to: Please select from the following:

Its social impact

Its economic impact

Its effectiveness

Its safety

All of the above

Business Quiz: Economies Of Scale

One of the sub-topic of business growth

Questions: 8 | Attempts: 431 | Last updated: Sep 30, 2020

Sample Question
Economies of scale is also known as...

Benefiting scales.

Returns of scale

EOS

Reading Comprehension_passage On Economy

Questions: 9 | Attempts: 168 | Last updated: Feb 18, 2013

Sample Question
Directions (Q. 1 – 5): The passage given below is followed by a set of five questions. Choose the most appropriate answer to each question. During the 1960’s and 1970’s the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community’s expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentive and slick promotional efforts. Through the transfer to jobs and related revenues that resulted from this practice, one town’s triumph could become another town’s tragedy. In the 1980’s the strategy shifted from this zero-sum game to one called “high-technology development,” in which local governments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas. Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship. Question: The primary purpose of the passage is to

Advocate more effective strategies for encouraging the development of high-technology enterprises in the United States

Contrast the incentives for economic development offered by local governments with those offered by the private sector

Acknowledge and counter adverse criticism of programs being used to stimulate local economic development

Review and evaluate strategies and programs that have been used to stimulate economic development

Quiz: Economic Sustainability In Government And Business

Having stability in a business or governmental setting is important. Knowledge of the three pillars of sustainability comes in handy while planning for the now and the future. That is social, environmental, and economic...

Questions: 11 | Attempts: 117 | Last updated: Sep 30, 2020

Sample Question
What is economic sustainability?

Is to spent the money in things that dont benefit the society.

Is the use of renobable resources and to use in things that the society needs.

Is The use of various strategies for employing existing resources optimally so that a responsible and beneficial balance can be achieved over the longer term.

Is to buy things and know the problem of the money that we have.

Consumers And Consumerism

This quiz covers our economy, our consumer right and responsibilities, and the power of choice in using our resources.

Questions: 10 | Attempts: 234 | Last updated: Jan 17, 2013

Sample Question
Which of these is not privately owned?

The convenience store by your house.

The health department where you got a shot.

The bank where you have an account.

Sun Fresh grocery store

Your favorite radio station.

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Economy Questions & Answers

How can a pandemic affect the economy of different countries?

The main two issues with the coronavirus lie not only in the virus itself but also the shutting down and cooperative global health initiatives. These measures will enact considerable economic costs, and this affects growth, corporate cash flows, and

Which countries have the highest economies so far?

The United States is the world’s largest economy with a nominal GDP of $21.44 trillion. The US economy is mostly a service-oriented economy with a 77 percent contribution to GDP. The difficulty between the United States and China on trade is ne

How can change in economy affect the prices of the goods?

The consumer goods sector includes a wide range of retail products purchased by consumers, which includes food, clothing, jewelry, and electronics. Specific foods consumers purchase can vary considerably under different economic conditions. The level

What is the difference between Coach and Economy?

Flying on an airplane can be both enjoyable and relaxing or problematic and annoying. It depends on where you sit and who you sit next to. Most people who fly first class or business class, really have it made. They get to board the airplane first, a