Test Your Knowledge of Business and the Economy

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Tabulating ratings for 128,000 French wines from 2008 to 2015 given in three leading publications, researchers exploring viticulture methods found the order of tastiest-to-less tasty wine was:

Conventional wines first, organic wines second and biodynamic wines third

Conventional wines, biodynamic wines, organic wines

Biodynamic wines, organic wines, conventional wines

Read on: Biodynamic wines are produced without artificial fertilizers and pesticides and follow even more stringent farming practices than organics, based on principles developed in the 1920s by Austrian philosopher Rudolf Steiner.

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In April 2020 — just as the COVID-19 pandemic had begun — a study of nearly 1,000 adults 18 to 76 found that older adults:

Were ignorant that they were more at risk yet had more negative emotions than younger people

Knew they were more at risk yet had fewer negative emotions

Knew they were more at risk and had more negative emotions

Read on: Stereotypes about older people cause messaging aimed at them to be ineffective.

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If capital flowed across national borders unimpeded, seeking the highest returns regardless of the culture, institutions, physical distance or laws that currently restrict capital flows:

The world economy would be 9.6% bigger

The economy would actually shrink by 4.3%

There would be little change to the overall size of the world economy

Read on: Lesser-developed countries, relatively starved for capital, offer the potential of higher investment returns, as many industries there are still in nascent form and many workers yet to be outfitted with training and tools to maximize the value of their labor. That would boost overall growth.

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The nation’s $1 trillion coastal housing market, vulnerable to rising seas as a result of global warming, could develop into a financial crisis because:

Millions of at-risk homes lack sufficient flood insurance

Prices of the most-at-risk homes in California are rising faster than other coastal properties

Lenders are writing mortgages that don’t reflect the looming risk

All of the above

Read on: Long before pricey coastal houses become uninhabitable, buyers will begin to price them as risky assets, rather than the top-dollar luxuries they are today.

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Math and reading test results of U.S.-born students with high exposure to immigrants in their schools:

Were lower than those of a sibling who had lesser exposure to immigrants

Were higher than those of a sibling who had lesser exposure to immigrants

Were roughly the same as the sibling who had lesser exposure

Read on: Economically disadvantaged and black students received the greatest boost from studying alongside immigrant peers, enjoying a bump in performance twice as large as other native-born students.