Economics Quiz

Who are the hosts of Crash Course economics?

• Kermit and Beaker

• Statler and Waldorf

• Mr. Clifford and Adriene

• John Green and Hank Green

Where is the Crash Course Economics series being made?

• New York City

• Los Angeles, California

• Miami, Florida

• Chicago, Illinois

What is the main focus of economics according to Mr. Clifford and Adriene?

• Money and getting rich

• Theories and graphs

• Stock market analysis

• Real world applications

According to Alfred Marshall, what is economics a study of?

• Government policies

• People and choices

• Wealth only

• Men in bow-ties

What is the opportunity cost of watching a video according to the text?

• The cost of the video

• The value of the next best alternative

• The benefit of watching

• The time spent watching

What is the role of politics in economics according to Mr. Clifford and Adriene?

• To push a liberal agenda

• To solve all problems

• To ignore economic theory

• To guide public policy

What is the difference between macroeconomics and microeconomics?

• Macro is about theory, micro is about practice

• Macro studies the economy as a whole, micro looks at specific questions

• Macro focuses on individuals, micro on the economy

• Macro is about money, micro is about resources

What is the main focus of macroeconomics?

• Business strategies

• Individual decision making

• Government policies

• Social services

What can help solve problems without adding more resources according to the text?

• Reduced competition

• Improved incentives

• External funding

• Increased spending

What is the main goal of learning economics according to Mr. Clifford and Adriene?

• To understand politics

• To make informed decisions

• To predict the stock market

• To become wealthy