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Economics Quiz II

Authored by Issac Gipson

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20 Questions

Used 1+ times

Economics Quiz II
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who articulated the doctrine of natural rights and the concept of the blank slate?

Adam Smith
John Locke
Thomas Hobbes
David Hume

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial institution was established in 1694 to provide a stable state currency?

Bank of England
Federal Reserve
European Central Bank
International Monetary Fund

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'liability' refer to in a financial context?

A financial gain
A legal responsibility
An investment opportunity
A type of asset

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which concept allows individuals to accumulate land and materials for private use?

Common Land
Private Property
Public Domain
Collective Ownership

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are natural rights?

Rights granted by the government
Universal rights inherent to all individuals
Rights based on social status
Rights that can be revoked

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the financial gain from an investment?

Revenue
Profit
Loss
Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the process of enclosing common land for agriculture called?

Urbanization
Enclosure
Commercialization
Industrialization

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