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

Money makes the world go around. How much do you know about it?

Quiz-No-Farmer-Will-Be-Able-To-Ace-This-Advanced-Business-Quiz-Can-You
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 May 07, 2018
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Question: 1/18Pick Your Answer!


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

Question: 2/18Pick Your Answer!


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

Question: 3/18Pick Your Answer!


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

Question: 4/18Pick Your Answer!


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

Question: 5/18Pick Your Answer!


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

Question: 6/18Pick Your Answer!


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

Question: 7/18Pick Your Answer!


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

Question: 8/18Pick Your Answer!


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

Question: 9/18Pick Your Answer!


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

Question: 10/18Pick Your Answer!


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

Question: 11/18Pick Your Answer!


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

Question: 12/18Pick Your Answer!


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

Question: 13/18Pick Your Answer!


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

Question: 14/18Pick Your Answer!


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

Question: 15/18Pick Your Answer!


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

Question: 16/18Pick Your Answer!


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

Question: 17/18Pick Your Answer!


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

Question: 18/18Pick Your Answer!


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