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?
House
Car
Block of land

2 of 18Pick Your Answer!

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

3 of 18Pick Your Answer!

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

4 of 18Pick Your Answer!

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

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)?
Exports
Taxes
Bond sales

10 of 18Pick Your Answer!

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

11 of 18Pick Your Answer!

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

12 of 18Pick Your Answer!

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

13 of 18Pick Your Answer!

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

14 of 18Pick Your Answer!

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

15 of 18Pick Your Answer!

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

16 of 18Pick Your Answer!

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

17 of 18Pick Your Answer!

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

18 of 18Pick Your Answer!

A stockholder or shareholder is someone who owns shares of stock in a company. True or False?
False
True
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.