Economics Quizzes, Questions & Answers
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Hey, do you think yourself an economics expert? If yes, then here's a challenge for you. Take this Economics practice test quiz and see if you can score more than 80% on it. Economics is a very interesting subject. It helps...
Questions: 20 | Attempts: 33133 | Last updated: Nov 30, 2023
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Sample QuestionWhat is the financial gain made in transactions?
Take our RIBO license practice exam quiz with the questions provided below in order to excel at being the most knowledgeable in your field. RIBO is a self-governing, self-supporting organization of insurance brokers who practice...
Questions: 10 | Attempts: 25616 | Last updated: Mar 29, 2024
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Sample QuestionWhat is NOT a fiduciary?
This test is based on the ACEE's survey that produced the most common misconceptions concerning economics. By the end of the course, students will understand all the concepts touched on here. Read the following questions...
Questions: 19 | Attempts: 12925 | Last updated: Mar 22, 2022
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Sample QuestionFor most people, the largest protion of their personal income comes from:
Looking for a helpful Economics unit 1 practice test? Here is a quiz for you. The study of economics covers the topic of finance and the many ways in which it can be distributed, with the production, transport, and consumption of...
Questions: 25 | Attempts: 6766 | Last updated: Nov 16, 2023
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Sample QuestionWhat does the term capital mean?
Dive into the diverse world of economic ideologies with our "Which School of Economic Thought Do You Belong To?" quiz. Economics isn't just about numbers; it's a realm of contrasting theories and philosophies...
Questions: 10 | Attempts: 6293 | Last updated: Nov 16, 2023
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Sample QuestionThe economy is made up of
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Do you understand the modern economy? Take this quiz on modern economics in a global age to test your basic knowledge. This is a quiz that comprises some basic and easy questions about today's economic world. If you...
Questions: 10 | Attempts: 164 | Last updated: Aug 16, 2023
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Sample QuestionWhat does it mean to change ownership from private to government or public?
Are you a student of economics? If yes, then you might be familiar with the Malthusian theory of population change. The theory shows the direct correlation between population expansion with respect to the availability of...
Questions: 10 | Attempts: 380 | Last updated: Dec 6, 2023
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Sample QuestionWhen was the theory first proposed?
We heartily welcome you to this quiz on the importance of free enterprise! A free enterprise is an economic system in which businesses operate without governmental intervention. You will surely love the quiz if you're an...
Questions: 10 | Attempts: 97 | Last updated: Aug 16, 2023
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Sample QuestionThe study of businesses in small parts is called what?
Are you aware of the market and price? Take this quiz on the forms of market and price determination. If you understand this concept well, this quiz will be perfect for your practice. You simply need to pick the correct answers...
Questions: 10 | Attempts: 105 | Last updated: Aug 16, 2023
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Sample QuestionWhich of the following is one of the essential conditions of "perfect competition"?
This is a general economics quiz questions with answers for all the students who are preparing for competitive exams. If you're one of them, then play it out. Economics is a branch of social science that deals with goods...
Questions: 10 | Attempts: 1709 | Last updated: Apr 9, 2024
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Sample QuestionWhat year did Sir Ragnar Frisch coin the terms micro and macro economics?
Answer the following questions.
Questions: 6 | Attempts: 274 | Last updated: Aug 12, 2023
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Sample QuestionEconomics is best described as:
NOTE: Please make sure you have a stable internet connection before trying to take this exam. And you are not allowed to switch tabs while taking this online assessment. When you accidentally click a new tab, you should quickly...
Questions: 10 | Attempts: 324 | Last updated: Mar 22, 2023
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Sample QuestionOptimal volume (demand) occurs when total costs equal total revenues. Is it true or false?
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Questions: 10 | Attempts: 430 | Last updated: Mar 22, 2023
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Sample QuestionMan get it free in natural form:
Questions: 17 | Attempts: 89 | Last updated: Mar 20, 2023
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Sample QuestionEconomics is a ___________ science.
Questions: 10 | Attempts: 849 | Last updated: Mar 22, 2023
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Sample QuestionWhat was to focus on demonetization?
Questions: 16 | Attempts: 228 | Last updated: Mar 14, 2023
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Sample QuestionWho is a consumer
Questions: 21 | Attempts: 225 | Last updated: Mar 18, 2023
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Sample QuestionWhich of the following statements is true?
Questions: 5 | Attempts: 120 | Last updated: Jun 14, 2023
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Sample QuestionIs [FIRM UNDER IMPERFECT MARKET IS CALLED PRICE TAKER)your statement here] true or false?
Rules:
1. Each correct answer carries one mark.
2. No negative marking for wrong answers.
3. Submit before the time gets off.
4. To win the game score the maximum marks in minimum time.
5. In case the quiz crashes in...
Questions: 5 | Attempts: 88 | Last updated: Mar 15, 2023
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Sample QuestionThe purpose of the transportation approach for locational analysis is to minimize.
Questions: 21 | Attempts: 92 | Last updated: Mar 21, 2023
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Sample QuestionAlong a supply curve, if the price of oil falls, what will happen to the quantity of oil supplied?
Questions: 10 | Attempts: 267 | Last updated: Mar 14, 2023
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Sample QuestionEconomics of scale can be defined as
Questions: 9 | Attempts: 216 | Last updated: Mar 22, 2023
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Sample QuestionWhat would be the development goal of a person who depends only on rain for growing crops?
Questions: 30 | Attempts: 61 | Last updated: Apr 11, 2023
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Sample QuestionA cause of inflation is:
Questions: 17 | Attempts: 384 | Last updated: Mar 22, 2023
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Sample QuestionComposite of the economic status of families or persons on the basis of occupation, educational attainment, and income.
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Questions: 30 | Attempts: 612 | Last updated: Mar 19, 2023
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Sample QuestionGDP per capita is GDP divided by:
Questions: 9 | Attempts: 211 | Last updated: Sep 2, 2023
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Sample QuestionWhen autocorrelation is present, OLS estimators are biased as well as inefficient.
Questions: 7 | Attempts: 719 | Last updated: Mar 15, 2023
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Sample QuestionIn the presence of heteroscedasticity OLS estimators are biased as well as inefficient.
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Questions: 25 | Attempts: 1172 | Last updated: Mar 22, 2023
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Sample QuestionEconomics is considered with:
Questions: 17 | Attempts: 87 | Last updated: Mar 21, 2023
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Sample QuestionA piece of the original Magna Carta signed by King John in 1215
Questions: 10 | Attempts: 392 | Last updated: Mar 19, 2023
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Sample QuestionPrice floor is to protect the interests of:
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Different factors affect the economic status of a country or individual, and one of the most common is the political environment and inflation as a whole. Over the past few weeks, we have covered much about economic and social...
Questions: 10 | Attempts: 31363 | Last updated: Mar 22, 2023
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Sample Question"Inflation increases the average level of prices". What does this statement refers to? 1. The price of commodities exceeds income 2. In real terms, the Money supply grows at a higher rate than the Gross Domestic ProductSelect the correct answer
GDP, levels of employment, life expectancy and literacy are indicators that measure socio-economic development. This test is taken up by Countries so that they see how well they are doing as compared to the standards they put for...
Questions: 10 | Attempts: 14011 | Last updated: Mar 22, 2023
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Sample QuestionWhy is direct taxation considered a better form of taxation?
Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. One of how we get to ensure that the company we set up ensures we understand the factors affecting the...
Questions: 9 | Attempts: 12887 | Last updated: Feb 22, 2024
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Sample QuestionThe phenomenon of scarcity stems from the fact that...