Quiz: No Farmer Will Be Able To Ace This Advanced Business Quiz. Can You?

Quiz-No-Farmer-Will-Be-Able-To-Ace-This-Advanced-Business-Quiz-Can-You
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Money makes the world go around. How much do you know about it?

Answer the questions in this business quiz to find out whether you have what it takes to be a businessperson or whether you're more of a farmer.

 May 07, 2018

1 of 18Pick Your Answer!

Which of these items depreciates over time?
Car
House
Block of land

2 of 18Pick Your Answer!

Price in a capital economy is decided by ________.
Tradition
Supply and demand
What is the fairest number

3 of 18Pick Your Answer!

Which of these could make a property a bad investment?
Lack of amenities near by
A low selling price
A bus stop at the front of the property

4 of 18Pick Your Answer!

Which of these is NOT a factor of production?
Land
Capital
Charity

5 of 18Pick Your Answer!

What does G.D.P. stand for?
Gross Domestic Product
General Domestic Percentage
General Domestic Profit

6 of 18Pick Your Answer!

When supply exceeds demand, the price goes down. True or False?
True
False

7 of 18Pick Your Answer!

What is a recession?
Period of economic growth
The long-term destruction of an economy
Period of economic decline

8 of 18Pick Your Answer!

Inflation is the general increase of what?
Job availability
Stocks
Prices

9 of 18Pick Your Answer!

What is the main source of federal revenue (the government's income)?
Taxes
Bond sales
Exports

10 of 18Pick Your Answer!

When workers leave their old jobs but haven't found new ones, that is considered ________.
Frictional unemployment
Cyclical unemployment
Natural unemployment

11 of 18Pick Your Answer!

Which country has the largest economy in the World?
Russia
China
The United States of America

12 of 18Pick Your Answer!

What does W.T.O. stand for?
World Trade Organization
Web Trade Operations
World Trading Operations

13 of 18Pick Your Answer!

What are capital goods?
Goods bought directly by consumers
Goods used to produce other goods
Goods that can't be used or sold

14 of 18Pick Your Answer!

What kind of unemployment would a ski instructor face in the summer?
Frictional
Structural
Seasonal

15 of 18Pick Your Answer!

If a price is not likely to change, then it is ________.
Elastic
Inelastic

16 of 18Pick Your Answer!

Which of these is a major problem worldwide?
Lack of knowledge
Lack of workers
Scarcity of resources

17 of 18Pick Your Answer!

What are products that are made or grown domestically but shipped or sold abroad?
Taxes
Exports
Imports

18 of 18Pick Your Answer!

A stockholder or shareholder is someone who owns shares of stock in a company. True or False?
True
False
WOMEN.COM | Quiz Facts

Looking for a business quiz? This business and economics test is perfect for anyone wanting to test their skills on money and the economy! Answer questions about investment, labor, capital and other economic and business concepts in this quiz.