Mises Economic Quiz

Discussion in 'Economy' started by 5stringJeff, May 7, 2006.

  1. 5stringJeff
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    5stringJeff Senior Member

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    http://www.mises.org/quiz.asp

    Your score is: 83 / 100.

    I got the "Austrian Answer" most of the time, with a few "Chicago answers" and one each Kenyesian and Socialist answer (on defense and warfare, respectively).
     
  2. 5stringJeff
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    5stringJeff Senior Member

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    So if one follows the link in the original post, one can also take the quiz, and post their scores here...
     
  3. Annie
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    Annie Diamond Member

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    Your score is: 86 / 100.

    :thup:
     
  4. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    100/100 :D

    Although there's a couple of items I am on the fence about, mainly because they haven't been tried before. (privately provided defense and security, essentially a stateless society)
     
  5. dmp
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    dmp Senior Member

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    I'm fighting off my urges to just select random answers past about question #7.

    must...resist...must...actually READ each option...frustrating.
     
  6. dmp
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    dmp Senior Member

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    I took the ten-question version; I guess I did okay Or whatever? I didn't understand most of what I read - just tried to pick what I 'thought' made sense.

    Your score is: 69 / 100.
    1. What is the correct economic status of private property?
    The Austrian answer.

    2. What is money and how does it originate?
    Austrian answer.

    3. What is the proper method to conduct research in economic science?
    The Chicago answer

    4. What is the reason for the interest rate, and should it be regulated?
    Chicago answer

    5. What is the economic impact of saving?
    The Austrian answer.

    6. What is the source of economic value?
    Chicago answer


    7. What causes the business cycle?
    Keynesian/Neoclassical answer

    8. What causes economic growth?
    Austrian answer.

    9. Do markets create and sustain monopolies and what should be done about it?
    Keynesian/Neoclassical answer


    10. What is the role of equality and inequality?
    Austrian answer.
     
  7. Nienna
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    Nienna Senior Member

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    Tomorrow, in the morning... I have child-bedtime-induced mental fatigue right now.
     
  8. Abbey Normal
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    Abbey Normal Senior Member

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    Your score is: 75/100

    Mostly Austrian, but several Chicagos and a few Keynesians too.

    I'm proud to say, not a single Socialist answer!
     
  9. jillian
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    jillian Princess Supporting Member

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    1. What is the correct economic status of private property?
    Your answer: C
    Keynesian/Neoclassical answer

    2. What is the proper method to conduct research in economic science?
    Your answer: B
    The Chicago answer

    3. What is the reason for the interest rate, and should the rate be regulated?
    Your answer: A
    Keynesian answer

    4. What is the economic impact of saving?
    Your answer: A
    Keynesian/Neoclassical answer

    5. What is the source of economic value?
    Your answer: A
    The Austrian answer.

    6. What is money and how does it originate?
    Your answer: D
    Keynesian/Neoclassical answer

    7. What causes the business cycle?
    Your answer: C
    Austrian answer.

    8. What is the right anti-recession policy?
    Your answer: C
    Chicago answer

    9. How viable is socialism?
    Your answer: A
    Keynesian/Neoclassical answer

    10. What is the proper size and scope of government?
    Your answer: B
    Keynesian/neoclassical answer

    11. Who should regulate consumer products and how?
    Your answer: D
    Keynesian/Neoclassical answer

    12. What are wages?
    Your answer: D
    Chicago answer

    13. What causes economic growth?
    Your answer: A
    Chicago answer

    14. What is your view of economics and the environment?
    Your answer: A
    The Keynesian/Neoclassical answer.

    15. What do taxes fund?
    Your answer: C
    The Keynesian/Neoclassical answer.

    16. What caused the Great Depression and how effective was the New Deal?
    Your answer: B
    Keynesian/Neoclassical answer

    17. Do markets create and sustain monopolies and what should be done about it?
    Your answer: A
    Socialist answer

    18. What is the role of equality and inequality?
    Your answer: A
    Keynesian/Neoclassical answer

    19. What is your view of free trade and globalization?
    Your answer: D
    Chicago answer

    20. What is the function of the stock market?
    Your answer: A
    Keynesian/Neoclassical answer

    21. What are labor unions for?
    Your answer: B
    Chicago answer

    22. What are the economic implications of national defense?
    Your answer: B
    Socialist answer

    23. What about goods like education and roads?
    Your answer: B
    Keynesian/Neoclassical

    24. What are the economic implications of warfare?
    Your answer: A
    Austrian answer.

    25. Who serves society best?
    Your answer: D
    The Chicago answer.
     

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