Economics Quizzes & Trivia
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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: 21935 | Last updated: Oct 14, 2022
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Sample QuestionWhat is the financial gain made in transactions?
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: 28196 | Last updated: Mar 22, 2022
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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
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: 19206 | Last updated: Mar 22, 2022
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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: 11757 | Last updated: Mar 22, 2022
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Sample QuestionFor most people, the largest protion of their personal income comes from:
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: 843 | Last updated: Mar 22, 2022
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Sample QuestionWhat year did Sir Ragnar Frisch coin the terms micro and macro economics?
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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: 30 | Last updated: Dec 8, 2022
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Sample QuestionWhat does it mean to change ownership from private to government or public?
How well do you know about elasticity and incentives? How do elasticity and incentives work together? Try these MCQ-based questions and answers in the quiz below and evaluate your economic knowledge. Elasticity is an economic...
Questions: 10 | Attempts: 31 | Last updated: Nov 23, 2022
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Sample QuestionWhich of the following is an example of a product considered a need?
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: 16 | Last updated: Nov 23, 2022
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Sample QuestionWhen was the theory first proposed?
We welcome you to this incredible economic system and daily life quiz! Are you an economics student? If yes, then this quiz is perfect for you! The questions in the quiz are designed to test your knowledge of economics and its...
Questions: 10 | Attempts: 27 | Last updated: Nov 21, 2022
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Sample QuestionThe act of working in exchange for a consistent income is called what?
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: 35 | Last updated: Nov 21, 2022
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Sample QuestionThe study of businesses in small parts is called what?
Inflation is the increase in the prices of goods; stagflation is inflation accompanied by slow growth. Take this informative quiz which contains questions and answers on the topic of inflation and stagflation. If you have an...
Questions: 10 | Attempts: 24 | Last updated: Nov 23, 2022
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Sample QuestionHigh inflation level leads to
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: 18 | Last updated: Nov 21, 2022
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Sample QuestionWhich of the following is one of the essential conditions of "perfect competition"?
Answer the following questions.
Questions: 6 | Attempts: 106 | Last updated: Aug 12, 2022
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Sample QuestionEconomics is best described as:
Questions: 51 | Attempts: 97 | Last updated: Mar 22, 2022
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Sample QuestionIt studies how individuals, firms, and society choose to combine scarce resources (land, labor, capital, and management) to satisfy unlimited wants and best meet consumer needs.
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: 224 | Last updated: Mar 22, 2022
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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: 338 | Last updated: Mar 22, 2022
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Sample QuestionMan get it free in natural form:
Questions: 17 | Attempts: 67 | Last updated: Mar 20, 2022
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Sample QuestionEconomics is a ___________ science.
Questions: 10 | Attempts: 551 | Last updated: Mar 22, 2022
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Sample QuestionWhat was to focus on demonetization?
Questions: 16 | Attempts: 158 | Last updated: Mar 14, 2022
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Sample QuestionWho is a consumer
Questions: 21 | Attempts: 199 | Last updated: Mar 18, 2022
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Sample QuestionWhich of the following statements is true?
Questions: 5 | Attempts: 88 | Last updated: Jun 14, 2020
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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: 75 | Last updated: Mar 15, 2022
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Sample QuestionThe purpose of the transportation approach for locational analysis is to minimize.
Questions: 30 | Attempts: 52 | Last updated: May 6, 2020
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Sample QuestionIDENTIFY WHAT ENTREPRENEURIAL TASK IS THIS: An entrepreneur finds a way in order to finance his business venture.
Questions: 21 | Attempts: 77 | Last updated: Mar 21, 2022
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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: 116 | Last updated: Mar 14, 2022
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Sample QuestionEconomics of scale can be defined as
Questions: 9 | Attempts: 183 | Last updated: Mar 22, 2022
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Sample QuestionWhat would be the development goal of a person who depends only on rain for growing crops?
Questions: 21 | Attempts: 1201 | Last updated: Mar 22, 2022
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Sample QuestionWhich of the following is NOT an example of the uses of the personal income of a household?
Questions: 5 | Attempts: 38 | Last updated: Mar 15, 2022
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Sample QuestionWally invests $15,000 at a rate of 6% p.a. for 3 years. Calculate the simple interest that Wally will have earned over the three years.
Questions: 30 | Attempts: 33 | Last updated: Apr 11, 2020
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Sample QuestionA cause of inflation is:
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Popular Quizzes
If you are an economics student, then you must know that economics is all about supply, demand, and maximizing income, be it in a business or a country. Have you been having a hard time revising for your microeconomics course...
Questions: 10 | Attempts: 31922 | Last updated: Mar 22, 2022
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Sample QuestionWhat Microeconomics is about?
Are you looking for practice material for an upcoming assignment or test in macroeconomics? Check out these macroeconomics practice quiz questions and answers and test your knowledge for the same. Macroeconomics is the field of...
Questions: 10 | Attempts: 23842 | Last updated: Jul 31, 2022
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Sample QuestionDiffrence between Real and Nominal GDP is:
Do you know about the production possibility curve? To test your knowledge about the same, take this Production Possibilities Curve MCQ quiz. The PPC or production possibility curve/ frontier is a presumptive depiction of the...
Questions: 10 | Attempts: 19302 | Last updated: Jul 27, 2022
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Sample QuestionWhich of the following best describes the three fundamental economic questions?