Economy Quizzes, Questions & Answers
Recent Economy Quizzes
This quiz, titled 'Reading Comprehension_Passage on Economy', assesses understanding of economic development strategies from the 1960s to recent times. It evaluates comprehension of shifts from manufacturing to high-tech...
Questions: 9 | Attempts: 468 | Last updated: Sep 1, 2025
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Sample QuestionDirections (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
Below is a trivia quiz on the Indian economy and economic reforms in India, these reforms were first introduced in the year 1991, and they aimed at opening India up for foreign investment and trade. Take up the interesting quiz...
Questions: 45 | Attempts: 1478 | Last updated: Mar 21, 2025
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Sample QuestionWhich of the following statements is correct?
Explore the dynamics of the US in the global economy through this quiz. Assess your understanding of US trade volumes, comparative advantages, and key trading partners. Ideal for learners aiming to grasp the complexities of...
Questions: 25 | Attempts: 515 | Last updated: Mar 18, 2025
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Sample QuestionFor the United States, the volume of international trade has been increasing relatively, but not absolutely.
This is a quiz that will test your knowledge on the principal of circular flow.
Questions: 5 | Attempts: 1908 | Last updated: Aug 16, 2025
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Sample QuestionWhich of the following is part of the circular flow diagram
Hey, do you think you have a good understanding of the economy? Can you pass this circular flow of a market economy trivia quiz that is given below? This quiz will test the knowledge acquired by you on the topic of the...
Questions: 10 | Attempts: 13386 | Last updated: May 22, 2025
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Sample QuestionThe two primary players in the circular flow model are:
The private sector is part of a country's economic system that is run by individuals and companies. In a good business economy, the public sector should not suffocate private sectors. How well do you understand the public...
Questions: 30 | Attempts: 809 | Last updated: Mar 22, 2025
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Sample QuestionThe personal distribution of income describes the manner in which society's total personal income is divided among wages and salaries, corporate profits, proprietors' income, interest, and rents.
Explore key economic and business aspects of India including its gold consumption, major healthcare deals, GDP, and more in this engaging trivia.
Questions: 10 | Attempts: 128 | Last updated: Mar 20, 2025
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Sample QuestionWhich is the worlds biggest Gold consuming country?
There are different things that affect the economy, as we know it. One thing that exists in almost every economy is debt; it is used as a source of capital for different investments. Take this ideal review quiz on economy...
Questions: 22 | Attempts: 1324 | Last updated: Mar 19, 2025
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Sample QuestionThe Council of Economic Advisers was established to give economic advice to Congress.
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