Interesting Quiz On Economics
Brush your knowledge on Economics with these quiz questions.
- 1.
Which of the following is not traditionally a pillar of "Reaganomics"?
- A.
Reduce The National Debt
- B.
Reduce Government Spending
- C.
Reduce Government Regulation
- D.
Reduce Income Tax
Correct Answer
A. Reduce The National Debt -
- 2.
What is the minimum amount of a 401(k) loan?
- A.
1000
- B.
5000
- C.
2500
- D.
10000
Correct Answer
A. 1000 -
- 3.
What Obama appointee became the 26th chairperson of the U.S. Securities and Exchange Commission in 2009?
- A.
Annette Nazareth
- B.
Elisse B. Walter
- C.
Mary Schapiro
- D.
Kathleen Casey
Correct Answer
C. Mary Schapiro -
- 4.
Which of the following countries does not participate in the Asia-Pacific Economic Cooperation?
- A.
Laos
- B.
Canada
- C.
China
- D.
Peru
Correct Answer
A. Laos -
- 5.
Which of the following countries is not a full member of the World Trade Organization?
- A.
Lebanon
- B.
Fiji
- C.
Togo
- D.
Mongolia
Correct Answer
A. Lebanon -
- 6.
If the New York Stock Exchange suffers a 10% drop after 2 pm, what "circuit breaker" action occurs?
- A.
One Hour Halt
- B.
Two Hour Halt
- C.
None. The Market Remains Open
- D.
Market Closes For The Day
Correct Answer
C. None. The Market Remains Open -
- 7.
Which of the following currencies is not pegged to the Euro?
- A.
Hungarian Forint
- B.
Danish Krone
- C.
Latvian Lats
- D.
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?
- A.
52
- B.
62
- C.
72
- D.
77
Correct Answer
B. 62 -
- 9.
Which of the following allows a corporation to buy back some or all of its bonds at a predetermined price?
- A.
Protective Covenant
- B.
Call Provision
- C.
Maturity Rule
- D.
Seniority Rule
Correct Answer
B. Call Provision -
- 10.
According to the "rule of thumb", what percentage of your retirement savings is safe to withdraw each year?
- A.
3.33%
- B.
6.66%
- C.
2.50%
- D.
4%
Correct Answer
D. 4% -
- 11.
As of December, 2011, what is the average interest rate on a savings account in the United States?
- A.
1.04%
- B.
0.26%
- C.
0.78%
- D.
0.52%
Correct Answer
B. 0.26% -
- 12.
Which of the following people would see a profit if every single stock decreased in value?
- A.
Short Seller
- B.
Penny Stock Trader
- C.
Security Lender
- D.
Long Seller
Correct Answer
A. Short Seller -
- 13.
Which of the following is not a common cause of interest rate change?
- A.
Inflationary Expectations
- B.
Liquidity Preference
- C.
Deferred Consumption
- D.
Long-Term Political Gain
Correct Answer
D. Long-Term Political Gain -
- 14.
What Economists' "Theory of the Leisure Class" criticized consumerism and introduced the concept of "conspicuous consumption"?
- A.
Alfred Marshall
- B.
John Stuart Mill
- C.
Thomas Malthus
- D.
Thorstein Veblen
Correct Answer
D. Thorstein Veblen -
- 15.
What economic curve postulates that tax rates of both 0% and 100% will yield no revenue?
- A.
Laffer Curve
- B.
Phillips Curve
- C.
Kuznets Curve
- D.
Beveridge Curve
Correct Answer
A. Laffer Curve -
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Current Version
-
Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2015Quiz Created by
Alfredhook3
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