Economics Quizzes, Questions & Answers

Recent Quizzes

Can You ACE This Economics Exam? Trivia Quiz

Can you ace this Economics Exam? Trivia Quiz

Think you are an expert in Economics? Can you ace this economics exam? This quiz is an excellent tool to prove your knowledge and use for practice. Economics is the study or practice of how people interact with value. The...

Questions: 26 | Attempts: 161 | Last updated: Mar 21, 2023

Sample Question
Which of the following statements is true about scarcity?

Scarcity is not a problem for the wealthy.

Scarcity refers to the situation in which unlimited wants exceed limited resources.

Scarcity is only a problem when a country has too large a population.

Scarcity arises when there is a wide disparity in income distribution.

Quiz 2- Whatever Happened To Penny Candy? Pgs. 18-42

Quiz 2- Whatever Happened to Penny Candy? Pgs. 18-42

Quiz 2 covers 'Whatever Happened to Penny Candy?' from pages 18-42, focusing on economic concepts like inflation, coin clipping, and the TANSTAAFL principle. This quiz assesses understanding of historical economic practices and...

Questions: 10 | Attempts: 142 | Last updated: May 21, 2024

Sample Question
A token is a disk of precious metal, like gold or silver.

True

False

Econ 40 Final Practice Exam I.

Econ 40 Final Practice Exam I assesses understanding of key economic events and policies from the 20th century. It covers topics like post-WWII economic recovery, market dynamics in the 1920s, and inflation trends in the 1970s,...

Questions: 150 | Attempts: 151 | Last updated: Aug 19, 2024

Sample Question
Which of the following is true?

The Japanese rebuilt their economy after World War II by selling its goods to their own rapidly growing population.

Slow U.S. population growth in the 19th century forced American farmers and manufacturers to seek foreign markets to propel its rapid economic growth.

The Japanese rebuilt their economy after World War II by targeting the large U.S. market, while their own market remained largely closed to U.S. manufactured goods

America's rapid population growth in the 19th century slowed its economic growth rate.

Soal-soal Ips Ekonomi Kelas X Bab I

Soal-Soal IPS Ekonomi Kelas X Bab I

This quiz covers basic concepts of economics for 10th-grade social studies, focusing on needs, types of needs, and economic behaviors.

Questions: 20 | Attempts: 6219 | Last updated: Mar 22, 2023

Sample Question
Apa yang dimaksud dengan kebutuhan ?

Kebutuhan adalah suatu keinginan untuk mencapai suatu kemakmuran dengan menggunakan berbagai cara dalam tindakan ekonomi.

Kebutuhan adalah keinginan untuk mennggunakan segala cara untuk mendapatkan barang dan jasa guna mencapai suatu kemakmuran baik itu individu maupun kelompok.

Kebutuhan adalah keinginan untuk memperoleh barang dan jasa untuk mencapai suatu kemakmuran baik itu fisik maupun rohani.

Trivia Quiz On Production Possibility Curve! Knowledge Test

Trivia Quiz on Production Possibility Curve! Knowledge Test

Welcome to the trivia quiz on production possibility curve.In our economy class we got to learn more about how to maximize output between two products using the limited resources.Take up the quiz below and get to see just how...

Questions: 8 | Attempts: 1659 | Last updated: Mar 22, 2023

Sample Question
A production possibilities curve shows the relationship between the production of

Two types of factory goods

Any two categories of goods

Economics Unit 1 Practice Test!

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: 8199 | Last updated: Jun 17, 2024

Sample Question
What does the term capital mean?

Money that is spent by companies to produce goods

Resources that are made and used to make other good and services

The place where the company is located

None of these

Scope Of Economics Quiz Questions!

If you’re studying the topic of economics, then you know just how complex the social science of analyzing the production, distribution, and consumption of goods and services can be. That being said, there’s a...

Questions: 18 | Attempts: 2228 | Last updated: Nov 17, 2023

Sample Question
Which of the following is a characteristic of economies of scale?

The average cost declines as output increases

The average cost increases as output increases

The average cost remains constant as output increases

The average costs are cheaper when a firm produces a wider variety of goods

The average cost curve takes the form of a U-shape

Average And Marginal Cost Functions Quiz

average and marginal cost functions quiz

Average cost and marginal cost are two types of costs that we have covered in economics class. It is important for a manufacturer to know how to use these two costs to ensure maximization of profit with ultimate supply. Take up...

Questions: 18 | Attempts: 1078 | Last updated: Apr 30, 2024

Sample Question
The basic law of demand says that all other things being the same,

The lower the price of a product, the less of it consumers will purchase

The higher the price of a product, the less of it consumers will purchase

The lower the price of a product, the more of it consumers will purchase

The higher the price of a product, the more of it consumers will purchase

The greater the number of units of a product sold in the past, the more of it consumers will purchase that product in the future

Test Your Knowledege Of Business Concepts With This Quiz!

Test Your Knowledege of Business Concepts With This Quiz!

Challenge your understanding of key business concepts! This quiz covers topics like wages, cash flow, productivity, profit, and more, providing a comprehensive test of your business acumen.

Questions: 8 | Attempts: 396 | Last updated: Aug 21, 2023

Sample Question
Wages and taxes that our company pays are examples of:

Revenue

Loss

Expenses

Profit

Econ 3229 Ch 17

Econ 3229 ch 17

Econ 3229 ch 17 quiz assesses understanding of central banking, focusing on balance sheets, assets, liabilities, and foreign exchange interventions. It is crucial for students in economics and finance, enhancing skills in...

Questions: 19 | Attempts: 124 | Last updated: Mar 20, 2023

Sample Question
1. Each of the following items would appear as assets on the central bank's balance sheet, except:

Loans

Securities

Currency

Foreign exchange reserves

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