Macro Pop Quiz

True or false: Adam Smith invented the Economy
What does the term "Invisible Hand" mean?
A. A boss in Smash Bros B. Driving force of the individual to make the most efficient decision. C. Government policies that help consumers D. Societal interactions
What is the definition of Scarcity as it relates to economics?
What is the definition of Comparative Advantage as it relates to economics?
A business cycle is:
A. A bike that a CEO uses B. The flow of expansion and recession C. The Keynesian prediction for business outcomes D. Easily predictable E. None of the above
Keynes believed _____ expained business cycles:
A. Animal spirits B. sentiment C. All answers listed D. consumer confidence
True or false: closed Economies are as common as open economies.

Answer Key
Hide Answer Key

Macro Pop Quiz (Answer Key)

True or false: Adam Smith invented the Economy
What does the term "Invisible Hand" mean?
A. A boss in Smash Bros B. Driving force of the individual to make the most efficient decision. C. Government policies that help consumers D. Societal interactions
What is the definition of Scarcity as it relates to economics?
What is the definition of Comparative Advantage as it relates to economics?
A business cycle is:
A. A bike that a CEO uses B. The flow of expansion and recession C. The Keynesian prediction for business outcomes D. Easily predictable E. None of the above
Keynes believed _____ expained business cycles:
A. Animal spirits B. sentiment C. All answers listed D. consumer confidence
True or false: closed Economies are as common as open economies.

When you're ready to print, just click this button: Make Print-Friendly