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Quizizz--Economics (Module 4--Element 1.12)--Unintended Conseque

Authored by Rich Rogers

Social Studies

12th Grade

Used 1+ times

Quizizz--Economics (Module 4--Element 1.12)--Unintended Conseque
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27 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who wrote the book "Economics in One Lesson"?

Frédéric Bastiat

John Maynard Keynes

Henry Hazlitt

Adam Smith

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main argument against the "broken window fallacy"?

It creates more jobs in the community.

It ignores the secondary effects of economic actions.

It leads to increased production of goods.

It results in higher taxes for the shopkeeper.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would the shopkeeper have done if the window had not been broken?

Invested in a new business

Bought a new car

Spent money on other items like shoes or clothes

Saved the money in a bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "broken window fallacy" suggest about destructive acts?

They are beneficial for the economy.

They reduce employment opportunities.

They have no impact on the economy.

They increase the wealth of the community.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Hazlitt's main lesson when analyzing an economic proposal?

Focus only on the immediate results.

Consider only the primary consequences.

Trace both immediate and long-term results, and consider effects on everyone.

Analyze only the effects on a special group.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Hazlitt believe was the most common source of economic error?

Overestimating the benefits of a policy.

Ignoring the short-term benefits of a policy.

Focusing only on the long-term consequences.

Failing to apply the lesson of considering secondary consequences.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unintended consequence resulted from the regulation to make automobiles more fuel efficient?

Decrease in highway deaths.

Increase in gasoline consumption.

Increase in highway deaths.

Decrease in vehicle congestion.

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