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Happiness Economics and Economic Policy

Description: This quiz will test your knowledge of Happiness Economics and Economic Policy.
Number of Questions: 16
Created by:
Tags: economics economic policy happiness economics
Attempted 0/16 Correct 0 Score 0

What is the term used to describe the relationship between economic growth and happiness?

  1. The Easterlin Paradox

  2. The Kuznets Curve

  3. The Hedonic Treadmill

  4. The Paradox of Progress


Correct Option: A
Explanation:

The Easterlin Paradox is the observation that economic growth does not always lead to increased happiness.

Which of the following is not a factor that contributes to happiness?

  1. Income

  2. Health

  3. Social relationships

  4. Material possessions


Correct Option: D
Explanation:

Material possessions are not a necessary factor for happiness.

What is the term used to describe the idea that people adapt to their circumstances and quickly return to their baseline level of happiness?

  1. The Hedonic Treadmill

  2. The Adaptation Level Theory

  3. The Set-Point Theory

  4. The Happiness Plateau


Correct Option: A
Explanation:

The Hedonic Treadmill is the idea that people adapt to their circumstances and quickly return to their baseline level of happiness.

Which of the following is not a policy that has been shown to increase happiness?

  1. Progressive taxation

  2. Universal basic income

  3. Reducing income inequality

  4. Increasing government spending on social programs


Correct Option: A
Explanation:

Progressive taxation has not been shown to increase happiness.

What is the term used to describe the idea that people are happier when they have a sense of purpose in life?

  1. Eudaimonic well-being

  2. Hedonic well-being

  3. Subjective well-being

  4. Psychological well-being


Correct Option: A
Explanation:

Eudaimonic well-being is the idea that people are happier when they have a sense of purpose in life.

Which of the following is not a factor that contributes to eudaimonic well-being?

  1. Autonomy

  2. Competence

  3. Relatedness

  4. Material possessions


Correct Option: D
Explanation:

Material possessions are not a necessary factor for eudaimonic well-being.

What is the term used to describe the idea that people are happier when they have a sense of control over their lives?

  1. Autonomy

  2. Competence

  3. Relatedness

  4. Self-determination


Correct Option: A
Explanation:

Autonomy is the idea that people are happier when they have a sense of control over their lives.

Which of the following is not a policy that has been shown to increase autonomy?

  1. Universal basic income

  2. Participatory budgeting

  3. Worker cooperatives

  4. Employee ownership schemes


Correct Option: A
Explanation:

Universal basic income has not been shown to increase autonomy.

What is the term used to describe the idea that people are happier when they feel connected to others?

  1. Relatedness

  2. Social support

  3. Community

  4. Belonging


Correct Option: A
Explanation:

Relatedness is the idea that people are happier when they feel connected to others.

Which of the following is not a policy that has been shown to increase relatedness?

  1. Social clubs

  2. Community gardens

  3. Co-housing

  4. Universal basic income


Correct Option: D
Explanation:

Universal basic income has not been shown to increase relatedness.

What is the term used to describe the idea that people are happier when they feel competent and capable?

  1. Competence

  2. Mastery

  3. Self-efficacy

  4. Confidence


Correct Option: A
Explanation:

Competence is the idea that people are happier when they feel competent and capable.

Which of the following is not a policy that has been shown to increase competence?

  1. Education

  2. Training

  3. Apprenticeships

  4. Universal basic income


Correct Option: D
Explanation:

Universal basic income has not been shown to increase competence.

What is the term used to describe the idea that people are happier when they have a sense of purpose in life?

  1. Meaning

  2. Purpose

  3. Significance

  4. Calling


Correct Option: A
Explanation:

Meaning is the idea that people are happier when they have a sense of purpose in life.

Which of the following is not a policy that has been shown to increase meaning?

  1. Volunteering

  2. Community service

  3. Meditation

  4. Universal basic income


Correct Option: D
Explanation:

Universal basic income has not been shown to increase meaning.

What is the term used to describe the idea that people are happier when they have a sense of gratitude?

  1. Gratitude

  2. Appreciation

  3. Thankfulness

  4. Contentment


Correct Option: A
Explanation:

Gratitude is the idea that people are happier when they have a sense of gratitude.

Which of the following is not a policy that has been shown to increase gratitude?

  1. Gratitude journals

  2. Gratitude meditation

  3. Random acts of kindness

  4. Universal basic income


Correct Option: D
Explanation:

Universal basic income has not been shown to increase gratitude.

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