Crash Course Economics Quiz

Who are the hosts of Crash Course economics?

• Stan and Waldorf

• Kermit and Mr. Clifford

• Jacob Clifford and Adriene Hill

• John Green and Hank Green

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

• The stock market

• Theories and graphs

• Money and wealth

• Men and women

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

• Studying wealth

• Analyzing consumer behavior

• Forecasting market trends

• Studying people and choices

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

• The time spent watching the video

• The benefit of watching the video

• The cost of the video

• The value of the next best alternative

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

• To solve all of the country's problems

• To push a liberal anti-business policy

• To push a conservative pro-business policy

• To guide public policy using economic theory

What is the main difference between macroeconomics and microeconomics?

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

• Macro focuses on individual choices, micro focuses on the overall economy

• Macro is about predicting GDP, micro is about measuring unemployment

• Macro is like ecology, micro is like cell biology

What is the main goal of learning economics according to Adriene?

• To become wealthy

• To predict market trends

• To understand the stock market

• To make informed decisions

What is the opportunity cost of a university getting money for graduates?

• Pushing students through the program without a good education

• All of the above

• Admitting only students with high test scores

• Pushing students into less-rigorous majors

What is the incentive for insurers, doctors, and hospitals to produce effective care at low cost?

• To reduce healthcare services

• To increase healthcare spending

• To maximize profit

• To provide the best care possible

What backfired in the plan to exterminate rats by issuing a bounty on them?

• The plan was too expensive

• The rat-catchers released the rats

• The plan was not effective

• The rat population increased