Economics Trivia
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Sample Economics Quiz Questions
A mix of easy, medium and hard — questions run from warm-up to expert, so there's a real challenge at every level. Think you know the answers? Play to find out.
This Nobel Prize-winning psychologist partnered with Amos Tversky to pioneer the study of cognitive biases and heuristics in decision-making.
Difficulty: Easy- Richard Thaler
- Dan Ariely
- Daniel Kahneman
- Herbert Simon
This card pulls money directly from your checking account when you make a purchase.
Difficulty: Medium- Debit card
- Credit card
- Rewards card
- Charge card
This model explains how countries cannot simultaneously maintain fixed exchange rates, free capital flows, and independent monetary policy.
Difficulty: Hard- Heckscher-Ohlin model
- IS-LM-BP model
- Impossible trinity
- Mundell-Fleming model
This collection of securities allows everyday savers to own tiny pieces of hundreds of companies through a single purchase, often tracking a market benchmark.
Difficulty: Easy- Index fund
- Hedge fund
- Private equity fund
- Venture capital fund
This theory suggests that government borrowing won't stimulate the economy because rational consumers save more to pay future taxes needed to repay the debt.
Difficulty: Medium- Modigliani-Miller theorem
- Permanent income hypothesis
- Ricardian equivalence
- Life-cycle hypothesis
The sophisticated pricing framework allowing volatility to vary stochastically over time, capturing smile dynamics better than Black-Scholes, is named for this researcher.
Difficulty: Hard- Heston model
- Black-Scholes model
- Cox-Ross-Rubinstein model
- Merton model
This plastic payment method lets you borrow money from a bank for purchases, which you must repay later—often with added charges if you don't pay the full balance.
Difficulty: Easy- Credit card
- Debit card
- Gift card
- Prepaid card
This IRS provision allows investors to defer capital gains taxes by exchanging one investment property for another of equal or greater value.
Difficulty: Medium- 1031 Exchange
- 401(k) Rollover
- Section 121 Exclusion
- Opportunity Zone Investment
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