Econ Quizzes & Trivia
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Economics is a social science that explores the dynamics of a market involving consumers and the consumption of goods and services. Take the quiz below to learn about monopoly of markets and perfect competition.
Questions: 39 | Attempts: 526 | Last updated: Mar 30, 2018
Sample QuestionAssume the market for organic produce sold at farmers markets is perfectly competitive. All else equal,as equilibrium price of the produce and sell organic produce at farmers' markets, what is likely to happen to the equilibrium price of the produce and profits of the organic farmers in the long run?
Questions: 70 | Attempts: 1530 | Last updated: Apr 30, 2012
Sample Question1. Market failure is a situation in which
Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic...
Questions: 81 | Attempts: 1003 | Last updated: May 4, 2021
Sample Question1. Two major exports for the United States are
Questions: 60 | Attempts: 1183 | Last updated: Apr 30, 2012
Sample Question1. The diamond-water paradox is the observation that
In Economics, we believe that utility is the amount of satisfaction that a good or service brings. The quiz below tests and advances your knowledge on the different aspects of economics, which include price and utility.
Questions: 39 | Attempts: 85 | Last updated: Mar 8, 2018
Sample QuestionThe difference between the highest price a consumer is willing to pay for a good and the price the consumer actually pays is called
Ch. 1-7, 9
Questions: 21 | Attempts: 71 | Last updated: Dec 17, 2013
Sample QuestionSenator Smith wants to increase taxes on people with high incomes & use it to help the poor. Senator john argues this would discourage successful people from working & make society worse off. An economist would say:
Econ test 2
Questions: 60 | Attempts: 43 | Last updated: Jul 30, 2011
Sample QuestionOf the four factors that influence asset demand, which factor will cause the demand for all assets to increase when it increases, everything else held constant?