What law states that adding more of one input while holding others fixed eventually yields smaller increases in output?
Answer
Law of diminishing returns
32309 Easy Trivia Questions
32309 public questions at this depth. How many can you answer?
What economic theory posits that supply creates its own demand?
Answer
Say's law
What is the term for extremely rapid inflation exceeding 50% per month?
Answer
Hyperinflation
What concept depicts the flow of money and goods between households and firms in an economy?
Answer
Circular flow of income
What is the name of the central banking system of the United States?
Answer
Federal Reserve
What economic indicator measures the total value of all finished goods and services produced within a country?
Answer
Gross Domestic Product
What concept describes the next best alternative foregone in a decision?
Answer
Opportunity cost
What economic school advocates for minimal government intervention in markets?
Answer
Classical economics
What is the law that states quantity demanded falls as price rises?
Answer
Law of demand
Which economist developed the theory of comparative advantage?
Answer
David Ricardo
What theory suggests that population growth will outstrip food supply?
Answer
Malthusianism
Which economic theory posits that government intervention can stabilize the economy?
Answer
Keynesian economics
Who is the author of 'The Wealth of Nations'?
Answer
Adam Smith
Which tech giant was founded by Jack Ma in 1999?
Answer
Alibaba Group
Which IBM chess computer defeated Garry Kasparov in a 1997 match?
Answer
Deep Blue
What parent company was created in 2015 to own Google?
Answer
Alphabet Inc.
Which Amazon e-reader line was first released in 2007?
Answer
Kindle
Which Apple co-founder designed the Apple I and Apple II computers?
Answer
Steve Wozniak
On what date was Apple Inc. founded?
Answer
April 1, 1976
What is the name of Google's cloud storage service?
Answer
Google Drive
Which company produces the Pixel smartphone?
Answer
Which company develops the Xbox gaming console?
Answer
Microsoft
Which company owns the YouTube platform?
Answer
Which company produces the Mac computer?
Answer
Apple
Which company was founded by Larry Page and Sergey Brin?
Answer
Which company was founded by Bill Gates and Paul Allen?
Answer
Microsoft
What is the name of Apple's tablet product line?
Answer
iPad
Which company developed the Chrome web browser?
Answer
Which company's cloud service is called Azure?
Answer
Microsoft
Which company is headquartered in Redmond, Washington?
Answer
Microsoft
Which company makes the Kindle e-reader?
Answer
Amazon
Which company's search engine is called Bing?
Answer
Microsoft
What is the name of Apple's voice assistant?
Answer
Siri
Which company owns the Instagram app?
Answer
Meta Platforms
Which company is the world's largest online retailer?
Answer
Amazon
Which company developed the Windows operating system?
Answer
Microsoft
Which company makes the iPhone?
Answer
Apple