B+T Econ In Tech Quiz!

What role do economists play in tech companies like Google and Amazon?

• • A) Coding algorithms

• • B) Analyzing market trends and user behavior

• • C) Developing hardware

• • D) Software engineering

Answer explanation

Economists in tech companies use data analysis to understand user behavior, market trends, and optimize pricing models, helping improve decision-making and product development.

Economics majors often transition into what tech-related field due to their strong background in statistics?

• • A) Cybersecurity

• • B) UX/UI design

• • C) Data Science

• • D) Software Engineering

What kind of pricing model have economists helped create in the gig economy for companies like Uber and Lyft?

• A) Static pricing

• B) Surge pricing

• C) Subscription pricing

• D) Free-tier pricing

Which field of economics helps tech companies design better user experiences by understanding human behavior?

• A) Microeconomics

• B) Behavioral Economics

• C) International Economics

• D) Development Economics

Which of the following tech founders has an economics degree?

• A) Elon Musk

• B) Steve Jobs

• C) Jeff Bezos

• D) Bill Gates

Which area of economics helps tech companies strategize around competitive environments, like pricing wars and innovation races?

• A) Microeconomics

• B) Game Theory

• C) International Trade

• D) Public Finance

How do tech startups benefit from the way economics majors approach problem-solving?

• A) By using cost-benefit analysis and understanding market forces

• B) By developing hardware systems

• C) By coding user interfaces

• D) By marketing products

In what way do economists contribute to the development of AI systems in tech?

• A) By designing AI hardware

• B) By managing cloud computing servers

• C) By creating economic simulations to train AI models

• D) By writing machine learning algorithms

Which concept studied by economists is crucial to understanding the growth of platforms like social media and e-commerce?

• A) Economies of scale

• B) Comparative advantage

• C) Price elasticity

• D) Network effects

1. How do economists help investors and venture capitalists in the tech industry?

• • A) By predicting stock market trends

• • B) By writing marketing plans

• • C) By building user interfaces

• • D) By modeling growth potential and future earnings for tech startups