Economic Inequality and Global Power Structures Quiz

Test your knowledge on income inequality, its impact, and global economic structures with these thought-provoking questions!

#1

Which of the following best defines economic inequality?

An equal distribution of wealth among all individuals
A situation where some individuals or groups have more economic resources than others
A condition where everyone has the same income level
A system where wealth is distributed based on merit alone
#2

Which measure is commonly used to quantify economic inequality within a population?

Gross Domestic Product (GDP)
Unemployment rate
Gini coefficient
Consumer Price Index (CPI)
#3

Which theory suggests that economic inequality naturally increases within capitalist economies?

Keynesian economics
Supply-side economics
Trickle-down economics
Marxian economics
#4

Which factor is often cited as a major contributor to global economic inequality?

Technological advancement
Government intervention
Trade liberalization
Climate change
#5

Which country has one of the highest levels of income inequality according to the Gini coefficient?

Norway
Denmark
Brazil
Sweden
#6

Which economic concept suggests that economic inequality may have adverse effects on economic growth?

Pareto efficiency
Trickle-down theory
The Kuznets curve
The Laffer curve
#7

Which region of the world generally exhibits higher levels of economic inequality compared to others?

Europe
North America
Asia
Africa
#8

Which term describes a situation where a small group or individuals hold a disproportionate amount of economic power?

Monopoly
Oligopoly
Plutocracy
Socialism
#9

Which institution is primarily responsible for collecting data and publishing reports on global economic inequality?

World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
United Nations Development Programme (UNDP)
#10

Which measure takes into account both income and wealth distribution when assessing economic inequality?

Gini coefficient
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Human Development Index (HDI)
#11

Which economist famously predicted that the gap between the rich and poor would widen due to technological advancement?

John Maynard Keynes
Adam Smith
Joseph Stiglitz
Joseph Schumpeter
#12

Which region is often cited for having relatively low levels of income inequality compared to other parts of the world?

Sub-Saharan Africa
Middle East
Latin America
Northern Europe
#13

Which economic theory emphasizes the role of government intervention to address economic inequality?

Classical economics
Neoclassical economics
Socialist economics
Austrian economics
#14

Which economic concept suggests that the wealthy are more likely to save rather than spend additional income, leading to lower consumption and reduced economic growth?

Trickle-down theory
The multiplier effect
The paradox of thrift
The Phillips curve

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