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Econ Quizzes & Trivia

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Questions: 70  |  Attempts: 1172   |  Last updated: Apr 30, 2012
  • Sample Question
         1.   Market failure is a situation in which


Questions: 44  |  Attempts: 747   |  Last updated: Feb 15, 2013
  • Sample Question
         1.   The "balance of payments" is a periodic statement of the


Questions: 60  |  Attempts: 1005   |  Last updated: Apr 30, 2012
  • Sample Question
         1.   The diamond-water paradox is the observation that


Questions: 81  |  Attempts: 769   |  Last updated: Apr 30, 2012
  • Sample Question
         1.   Two major exports for the United States are

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: 369   |  Last updated: Mar 30, 2018
  • Sample Question
    Assume 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?
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