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These Economics & Business trivia questions are perfect for beginners, young kids, and toddlers. If you want to play Economics & Business trivia with children, try these very easy difficulty questions to get started.
1.) In economics, what is the term for the amount of money someone earns from work?
2.) In business, what does the acronym CEO stand for?
3.) What is the term for the money paid regularly to employees by employers for work performed?
4.) What is the financial term for the initial amount of money borrowed or invested, excluding interest?
5.) What is the study of how people manage resources and wealth?
6.) What is the term for money that a person or company owes to another?
7.) In business, what do we call a reduction applied to the regular price?
8.) What does 'GDP' stand for in economics?
9.) Which financial term refers to money earned from work or investments?
10.) What is the term for a financial plan that outlines expected income and expenses over a period of time?
11.) What is the name for the fee charged by a lender to a borrower for the use of borrowed money?
12.) What is the common term for money that a person receives for their work on a regular basis?
13.) What is the term for when a business spends more money than it earns?
14.) If you buy a product, what are you considered in economic terms?
15.) What is the common term for the cost of borrowing money, usually a percentage?
16.) What is the term for the total amount of sales generated by a business?
17.) What do you call the market where shares of public companies are traded?
These Economics & Business trivia questions are perfect for kids in elementary school. If you want to play Economics & Business trivia with schoolchildren, try these easy difficulty questions to get started.
18.) What is the term for the economic system where supply and demand determine production?
19.) What is the most commonly used currency in the European Union?
20.) What is the name of the document that outlines a business's expected revenue and expenses?
21.) What is the name of the financial market where stocks are bought and sold?
22.) In economics, what is the term for the cost of borrowing money?
23.) What is the name given to the largest marketplace for buying and selling shares in the United States?
24.) In which sector of the economy would you find agriculture and mining?
25.) What is the process of spreading out investments to reduce risk called?
26.) What is the main goal of a corporation with respect to shareholders?
27.) What term describes an upward movement in stock prices?
28.) What is an example of a resource that is considered non-renewable?
29.) What do you call state-backed paper money like dollars and euros?
30.) What practice involves buying a mix of investments to minimize risk?
31.) What term refers to essential goods or services needed for basic survival in an economy?
32.) What is the general term for goods and services sold to other countries?
33.) What title is given to the person managing a business's financial operations?
34.) What term describes a sustained increase in the general price level of goods and services?
35.) What economic principle explains that a decrease in supply can lead to higher prices?
36.) What is the term for the reduction in price of goods and services?
37.) In the business world, what does the acronym 'CEO' stand for?
38.) What term describes a market structure with a single seller and no competition?
39.) What do we call the goods that are used in the production of other goods?
40.) In economics, what is the study of the overall performance and behavior of an economy?
41.) Which index is commonly used to measure the performance of the stock market in the United States?
42.) What is the term for the fee charged by a lender to a borrower for the use of borrowed money?
These Economics & Business trivia questions are perfect for older kids, teenagers, and adults. If you want to play Economics & Business trivia with friends and family, try these medium difficulty questions
43.) What is the term for a market structure with only one seller?
44.) What is the term for a legal method to lower your taxable income and reduce taxes owed?
45.) Which term refers to the total market value of all finished goods and services produced within a country's borders?
46.) What term describes a prolonged period of low economic activity and high unemployment?
47.) What is commonly referred to as the 'invisible hand' that guides free markets and capitalism?
48.) What is the main business function responsible for advertising campaigns to drive brand awareness and sales?
49.) Which concept describes the borrowing of money relative to a company’s operations?
50.) What is the term for repaying a debt in regular installments over time?
51.) Which economic principle states that price is determined by supply and demand in a market?
52.) Which term describes the strategy of setting a product's price higher than competitors to suggest higher quality?
53.) What is the term for a market structure where a single firm controls the entire market, without any close substitutes?
54.) What is the economic theory called that suggests that government can influence macroeconomic productivity by raising levels of demand through spending?
55.) What term describes the cost advantage that arises with increased output of a product, where production becomes more efficient at larger scales?
56.) Which term describes when consumers have greater choice and competition within and among nations, typically due to reduced tariffs and restrictions?
57.) What financial term refers to a company's financial statement that provides a snapshot of its assets, liabilities, and shareholders' equity on a particular date?
58.) Which economic principle suggests that as production increases, the cost per unit decreases up to a point due to increased efficiency?
59.) In economics, what is the term for a market dominated by a small number of large firms, often leading to collaborative efforts?
60.) What term describes the theory that increasing government spending can stimulate economic growth during a downturn?
61.) What economic measure reflects the total market value of all goods and services produced over a specific time period within a nation?
62.) What economic term is used to describe a period of GDP contraction in an economy, typically lasting for six months or more?
63.) Which term refers to the phenomenon where prices for goods and services rise, decreasing purchasing power?
64.) What is the term for the interest rate at which a central bank lends to commercial banks?
65.) Which term describes the condition in which spending exceeds revenue over a particular period, typically referring to government budgets?
66.) What is the term for the practice in which a country attempts to protect its economy by imposing tariffs and other restrictions on imports?
67.) In economics, what is the concept called where the preferences of consumers dictate the production of goods and services?
These Economics & Business trivia questions are perfect for teenagers and adults. If you want to play Economics & Business trivia with family and friends, try these hard difficulty questions for a fun challenge.
68.) What economic theory is associated with the short-run trade-off between inflation and unemployment?
69.) Which economist, known for his work on the theory of imperfect competition, won the Nobel Prize in Economic Sciences in 1972 alongside Kenneth Arrow?
70.) What is the name of the concept in behavioral economics that refers to people's aversion to losing more than they value gaining?
71.) Which economic model analyzes the decision-making of firms and households in markets to allocate resources?
72.) What entity is often used to issue bonds to bypass tax or regulatory constraints?
73.) Which economic theory suggests that financial markets are informationally efficient and reflect all available information?
74.) What term refers to the reduction in economic value that occurs when market actors choose self-interested behaviors that deplete shared resources?
75.) Who developed the concept of 'creative destruction' in capitalism, describing the process where innovation leads to the demise of established structures?
76.) What is the economic term for the additional satisfaction gained from consuming one more unit of a good or service?
77.) Which economist introduced the concept of 'animal spirits' to describe emotional factors affecting economic decision-making?
78.) What is it called when a fiat money system fails due to excessive inflation, resulting in a rapid decrease in the value of currency?
79.) Which economic model assumes that prices are flexible and all productive resources are employed, often using a vertical supply line?
80.) What term describes the challenge of enforcing contracts in economies with inadequate legal frameworks, often resulting in higher transaction costs?
81.) Which financial term refers to the practice where a company acquires another solely to enhance earnings per share, regardless of the value of the acquisition?
82.) What is the economic theory called that argues that money supply directly affects national output in the long-run.
83.) Who introduced the concept of 'Creative Destruction', which describes the innovation that drives continual industry evolution?
84.) Which economist developed the concept of 'comparative advantage' in the early 19th century?
85.) Which theory in finance suggests that stock prices fully reflect all available information and are thus accurate?
86.) Which concept refers to the study of how uncertain events can affect investment strategies and market outcomes?
87.) What economist is best known for the qualitative work 'The Road to Serfdom', arguing against central planning?
88.) Which framework in economics addresses how property rights that are well-defined and enforceable lead to efficient economic outcomes?
89.) Which concept, central to the study of economics, is used to describe the situation where one party has more or better information than the other in transactions?
90.) What is the name of the psychological and economic phenomenon that occurs when people believe they are more in control than they actually are?
91.) What is the theory in economics that expresses the idea that under certain conditions, free markets will allocate resources efficiently?
92.) Which concept explains why stocks have a higher expected return than bonds due to their higher risk?
These Economics & Business trivia questions are perfect for adults, college students, and advanced students. If you want to play Economics & Business trivia with friends, family, or colleagues, try these very hard questions to test your knowledge about Economics & Business at its limits.
93.) Which economist is known for founding the field of econometrics, integrating mathematics into economic analysis?
94.) What economic theory posits that financial markets are informationally efficient and consistently reflect all available information?
95.) In macroeconomics, which theory suggests that the aggregate demand is unchanged regardless of government lending, due to increased private savings in anticipation of future taxation?
96.) In the context of tariff-imposed trade cycles, what term is used to describe a country's ability to influence the price it pays for imports or receives for exports?
97.) Which financial theory attempts to explain stock price movements as entirely random and therefore unpredictable, emphasizing the role of past states?
98.) In international finance, which concept explains why monetary expansion could lead to a decrease in currency value and potentially worsen trade deficits?
99.) Which classic economic theorem demonstrates that the allocation of resources will be efficient if no transaction costs exist and property rights are well-defined, regardless of initial allocation?
100.) In the context of international finance, the 'Triffin dilemma' refers to a potential conflict between what two objectives?
101.) Which economic theory highlights the limitations of traditional policy models by arguing that individuals' expectations change based on policy changes?
102.) Which economic theorem states that under certain conditions, the existence of a competitive equilibrium is guaranteed?
103.) What term describes the failure of markets to address social costs arising from negative externalities, often leading to intervention by public policy?
104.) Which concept encompasses the idea that an action taken by one economic agent can influence the actions and outcomes of another, often applied in game theory?
105.) What is the term for the economic principle in which higher salaries are typically paid to reduce turnover and promote productivity, emphasizing human capital?
106.) Which strategy underlies 'Minsky moments' that denote a sudden collapse of asset values, following excessive speculation and borrowing?
107.) In economics, what term refers to the statement that in the long-run, changes in the money supply only affect prices, not real economic variables like output?
108.) Who proposed the 'Theory of the Second Best', which states that if one condition of economic efficiency cannot be satisfied, it may be more efficient to violate another condition as well?
109.) In macroeconomics, which model incorporates changes in aggregate supply and demand to analyze price and output fluctuations in both the short run and long run?
110.) Which economic theory posits that overall financial risk cannot be eliminated by diversification alone, and that individual securities should be priced according to their inherent risk?
111.) In international trade, which paradox describes an empirical finding that countries export products that use their sparse resources more intensively despite having comparative advantage in others?
112.) What is the primary focus of Hyman Minsky’s Financial Instability Hypothesis in explaining economic cycles?
113.) What macroeconomic model developed in the 1950s provides a framework for distinguishing between economic growth rates due to capital accumulation and those due to technological advancement?
114.) What hypothesis in macroeconomics suggests that predictions of long-term economic downturns are inherently unreliable due to unpredictable factors like technological changes and policy decisions?
115.) Who developed the theory of 'Asymmetric Information' to illustrate how markets can be distorted by the unequal distribution of information between buyers and sellers?
116.) What Nobel Prize-winning theory contends that individuals’ perception of economic events impacts their decision making, leading to non-rational financial behavior influenced by psychological factors?
118.) What Nobel Prize-winning theory contends that individuals’ perception of economic events impacts their decision making, leading to non-rational financial behavior influenced by psychological factors?
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