Are economic myths shaping your understanding of current events and economic policy? Test your knowledge with the 10-question quiz below to find out. Questions that are most missed will determine future video topics.
Your identity will be anonymous to us unless you are logged in.
0 of 10 questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 10 questions answered correctly
Time has elapsed
In coming weeks I will be releasing videos explaining the most missed questions. Subscribe to get those videos in your inbox each Monday.
I have dedicated my life to helping people learn the basic economics needed to understand what is happening around them. I am constantly developing materials to make economics accessible to everyone. My weekly emails contain a new 5-minute video and other news about my resources.
|Table is loading|
|No data available|
Monopolies are most often created/ sustained by government intervention.
In a free market, prices of goods will tend to go down over time unless government increases the overall supply of money in circulation.
The abundance of products on store shelves proves that scarcity is no longer a major economic problem in First-World countries.
Government investment in technological research and development speeds up availability of the best products for consumers.
In the free trade or sale of goods, typically both the buyer and the seller benefit
One of the best measures of economic justice within a certain region is the equality of wealth distribution among the people.
In an economic system, inflation is the rise in overall prices and falling overall prices is deflation.
Setting a minimum wage increases the number of unemployed workers.
Government is necessary for a fruitful economy
Increased regulation and Federal Reserve actions are usually the cause of the boom-bust (business) cycle.