Crash Course Economics Quiz

What is economics?

• The study of people and choices

• The study of the stock market

• The study of money and getting rich

• The study of men in bow-ties forecasting

What is the main focus of economics?

What is the opportunity cost?

• The benefit of watching this video

• The value of the next best alternative

• The cost of going to school

• The cost of watching a video

Why isn't John Green hosting the course?

• He is too busy writing books

• He is not interested in economics

• He is focusing on other projects

• He is not qualified to teach economics

What are the two most important assumptions in economics?

• Inflation and interest rates

• GDP and unemployment rate

• Supply and demand

• Scarcity and opportunity cost

What is the role of politics in economics?

• To push a liberal anti-military policy

• To push a conservative pro-business policy

• To guide public policy using economic theory

• To solve all of our problems

What is the difference between macroeconomics and microeconomics?

• Macroeconomics studies the overall economy, while microeconomics focuses on individual choices

• Macroeconomics studies individual choices, while microeconomics focuses on the overall economy

• Macroeconomics studies supply and demand, while microeconomics focuses on GDP and unemployment

• Macroeconomics studies GDP and unemployment, while microeconomics focuses on supply and demand

What is the main goal of learning economics?

• To become wealthy

• To make informed decisions

• To predict the stock market

• To understand the theories and graphs

What is the opportunity cost of military spending?

• Feeding the hungry

• Building more aircraft carriers

• Increasing social services

• Focusing on consumer goods

What can help solve problems without adding more resources?

• Ignoring the costs

• Increasing spending

• Changing incentives

• Spending more money