Classic quiz
Quiz General knowledge

Economy Quiz

Doctor2411

Doctor2411
16 played - 13 yrs ago

Learn about how the world works on the money side of things, and test your knowledge at the same time!

Hard
hard
20
QUESTIONS
hard
 
Question 1 / 20

What is a proposal that involves one of the parties offering something of value to the other party in an agreement?

medium
 
Question 2 / 20
What is a legally enforceable agreement between two or more parties?

What is a legally enforceable agreement between two or more parties?

medium
 
Question 3 / 20

Competition usually will ______ .

medium
 
Question 4 / 20

Prices rise when there are ______ of goods and services.

hard
 
Question 5 / 20

How is called an estimate of future cash, receipts and payments over a period of time?

medium
 
Question 6 / 20
What is the study of how individuals and societies satisfy their unlimited wants with limited resources?

What is the study of how individuals and societies satisfy their unlimited wants with limited resources?

medium
 
Question 7 / 20
What factors cause a change in supply?

What factors cause a change in supply?

expert
 
Question 8 / 20

All of the following are factors of production except...

hard
 
Question 9 / 20
True or False : The law of demand states that when the price of a good or service rises, consumers by more of it.

True or False : The law of demand states that when the price of a good or service rises, consumers by more of it.

expert
 
Question 10 / 20
How much interest does the bank charge you for a credit card?

How much interest does the bank charge you for a credit card?

easy
 
Question 11 / 20

What does ATM stand for?

medium
 
Question 12 / 20
What does EFTPOS mean?

What does EFTPOS mean?

medium
 
Question 13 / 20
What is unconscionable conduct?

What is unconscionable conduct?

expert
 
Question 14 / 20

Who are the ACCC?

expert
 
Question 15 / 20

When does market failure occur?

medium
 
Question 16 / 20
What is the economic problem?

What is the economic problem?

expert
 
Question 17 / 20
What is a wage?

What is a wage?

medium
 
Question 18 / 20
What is a contract?

What is a contract?

hard
 
Question 19 / 20
What is the Foreign Exchange Market more commonly known as?

What is the Foreign Exchange Market more commonly known as?

medium
 
Question 20 / 20

A person who uses money to purchase goods or services is a...

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