Quiz  /  Economics News Quiz

  • 1. 
    The Great Recession—the most recent world-wide economic downturn—started in:

  • 1918
  • 1929
  • 2007
  • 2001

  • 2. 
    The Nobel Prize in Economics in 2014 was awarded to which of these economists?

  • Jean Tirole
  • Lars Hansen
  • Paul Krugman
  • Milton Friedman

  • 3. 
    In 2014, this economist became the first woman appointed as chair of the Federal Reserve in the United States:

  • Ruth Simmons
  • Christina Paxson
  • Janet Yellen
  • Cecilia Rouse

  • 4. 
    The country that has the largest income per person (as measured by GDP per capita in US dollars) is:

  • China
  • United States
  • Canada
  • Luxemburg

  • 5. 
    The most recent hyperinflation, where the percent increase in the general price level (inflation) exceeds 1,000% per year, occurred in which country?

  • Zimbabwe
  • Argentina
  • Brazil
  • Russia

  • 6. 
    The latest round of trade negotiations among members of the World Trade Organization is known as:

  • Uruguay
  • Davos
  • Senegal
  • Doha

  • 7. 
    Which of the following European countries does not use the Euro as its main currency?

  • France
  • United Kingdom
  • Ireland
  • Germany

  • 8. 
    The 2001 event that led to the bankruptcy of a U.S. energy company and resulted in the dissolution of Arthur Anderson—one of the top five U.S. accounting firms—was:

  • The Dot-Com Scandal
  • The Watergate Scandal
  • The Enron Scandal
  • The Madoff Scandal

  • 9. 
    The economist that identified massive vulnerability in the U.S. banking system and predicted its collapse three years before the Great Recession occurred was:

  • Ben S. Bernanke
  • Robert Lucas, Jr.
  • Alan Greenspan
  • Nouriel Roubini

  • 10. 
    "The Great Moderation" refers to what?

  • a decline in stock market volatility around the world
  • a reduction in output volatility across the world
  • a decrease in world-wide financial regulation
  • a decrease in the average world inflation rate
Report Question
warning
access_time
  Time