Economics Quizzes, Questions & Answers

Recent Quizzes

AQA As Level Economics Econ 1 January 2009

AQA AS Level Economics ECON 1 January 2009

This AQA AS Level Economics ECON 1 January 2009 quiz assesses understanding of economic theories related to resource allocation, market efficiency, and externalities. It evaluates critical economic concepts through practical...

Questions: 25 | Attempts: 586 | Last updated: Mar 22, 2023

Sample Question
Choice is an important element in the basic economic problem because

Wants increase with income.

Incomes are distributed unequally.

High demand leads to high prices.

Limited resources have alternative uses.

Economics Exam Practice Set 2

Economics Exam practice set 2

Economics Exam Practice Set 2 assesses understanding of microeconomic principles such as diseconomies of scale, cost structures, and profit calculations. It evaluates key concepts crucial for economic analysis and decision-making...

Questions: 48 | Attempts: 261 | Last updated: Mar 21, 2023

Sample Question
When diseconomies of scale occur?

The long-run average total cost curve rises

The long-run average total cost curve falls

Average fixed costs will rise

Marginal cost intersects average total cost

Economics Mid-term Exam

Economics Mid-Term Exam

This Economics Mid-Term Exam assesses understanding of basic economic concepts such as scarcity, government roles, capital, entrepreneurship, incentives, and opportunity cost. It is crucial for students aiming to grasp...

Questions: 35 | Attempts: 2107 | Last updated: Mar 22, 2023

Sample Question
Which of these situations describes scarcity?

A country has an unskilled labor force.

Consumers want expensive products Consumers want expensive products.

Human wants exceed available resources.

Some desired things are in short supply.

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.

Final Exam- Economics Ch. 14

This is the second part of your final. Make sure your eyes are on your own screen.

Questions: 40 | Attempts: 141 | Last updated: Feb 5, 2024

Sample Question
A tax as a percentage of income increases as income increases

Regressive taxation

Progressive taxation

Proportional taxation

Increasing marginal tax rate

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.

Economics Chapter 2 Trivia Questions!

Welcome to chapter two of our ongoing analysis on the social science of economics, the study which looks at how economic agents behave and interact with one another, and how economies work in general. There are some key questions...

Questions: 6 | Attempts: 1748 | Last updated: Nov 17, 2023

Sample Question
Each society determines who will consume what is produced based on

Its unique combination of social values and goals

Economic equality

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: 1653 | 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

GDP And Gnp Quiz

GDP And GNP Quiz

GDP is the total economic happening within the economic territory of the country. It is measured at macro levels. This quiz on GDP and GNP will test your knowledge about these macro indicators used for economic activity...

Questions: 10 | Attempts: 2443 | Last updated: Sep 9, 2024

Sample Question
Buying a brand new car from a ford dealership in Kalamazoo.

GDP

GNP

Neither

Both 1 and 2

Economics Quiz Chapter 3

This Economics Quiz Chapter 3 focuses on key concepts such as demand, quantity demanded, income effect, substitution effect, and diminishing marginal utility. It assesses understanding of microeconomic principles, enhancing...

Questions: 10 | Attempts: 316 | Last updated: Mar 20, 2023

Sample Question
The law of demand states that an increase in a good's price causes a decrease in the quantity demanded and that a decrease in price causes an increase in the quantity demanded?

True

False

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