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Economics Quizzes, Questions & Answers

Are you looking for some good economics practice questions and answers? If so, you have reached the right platform. Take these economics trivia quizzes and test your understanding of economics. We have a huge database of quizzes based on economics that will help you to know if you are an economics expert. What was the country whose economy occupied the first position in a list by incremental GDP between 2000 and 2010?

Microeconomics analyzes how entities interact within a market to create what? It's time to apply all your economics knowledge on these economics trivia quizzes. Do you think you can do so? Give these online trivia quizzes a try and evaluate your knowledge regarding this subject.

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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: 37867   |  Last updated: Aug 18, 2024
  • Sample Question
    What is the financial gain made in transactions? 
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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: 28404   |  Last updated: Mar 29, 2024
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    What is NOT a fiduciary?
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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: 7254   |  Last updated: Nov 16, 2023
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    The economy is made up of
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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: 7486   |  Last updated: Jun 17, 2024
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    What does the term capital mean?
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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: 13460   |  Last updated: Feb 22, 2024
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    The phenomenon of scarcity stems from the fact that...
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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: 31436   |  Last updated: Mar 22, 2023
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    "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
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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: 14044   |  Last updated: Mar 22, 2023
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    Why is direct taxation considered a better form of taxation?
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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: 13243   |  Last updated: Mar 22, 2022
  • Sample Question
    For most people, the largest protion of their personal income comes from:
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