Economics Quizzes, Questions & Answers

Recent Quizzes

Economics Quiz: Production, Distribution, And Consumption Of Goods And Services!

Chapter one seemed to go well enough for you, but as we continue to delve deeper into our ongoing studies of economics, you’ll see things start to get a little more complex. Keep at it, however, as this social science will...

Questions: 10 | Attempts: 422 | Last updated: Mar 21, 2023

Sample Question
The supply and demand model examines how prices and quantities are determined:

In markets

By governments

By churches

By monopolists

Introduction To Economics Questions!

It doesn’t matter what topic you’re dealing with, whether it’s something you have a great interest in or something you find boring but thinks will come in handy, everybody starts in the same place when they take...

Questions: 8 | Attempts: 577 | Last updated: Nov 17, 2023

Sample Question
Scarcity implies that the allocation scheme chosen by society can:

Not make more of any one good

Always make more of any good

Typically make more of a good but at the expense of making less of another

Always make more of all goods simultaneously

Your Go-to Economics Quiz!

Your go-to Economics Quiz!

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic...

Questions: 81 | Attempts: 1135 | Last updated: Mar 18, 2023

Sample Question
1. Two major exports for the United States are

Clothing and office machines.

Soybeans and scientific instruments.

Footwear and fish.

Coffee and diamonds.

None of the above

Econ Chapter 31

This quiz titled 'Econ Chapter 31' assesses understanding of market failures, externalities, and their social impacts. It covers key economic concepts crucial for grasping how markets operate and the implications of their...

Questions: 70 | Attempts: 1727 | Last updated: Mar 21, 2023

Sample Question
1. Market failure is a situation in which

The market does not provide the ideal or optimal amount of a particular good.

There are too many buyers but not enough sellers.

Prices are too high for "average" people to buy necessities.

There is a question over the quality of a product for sale.

Econ Chapter 21

The Econ Chapter 21 quiz assesses understanding of key economic concepts like the diamond-water paradox, utility, and marginal utility. It explores how value is perceived and measured in economics, enhancing learners' grasp of...

Questions: 60 | Attempts: 1366 | Last updated: Mar 20, 2023

Sample Question
1. The diamond-water paradox is the observation that

Those things that have the greatest price often have little value in exchange and those things that have the lowest price often have the greatest value in exchange.

Those things that have the greatest value in use often have little value in exchange and those things that have little value in use often have the greatest value in exchange.

Those things that have the least value in use often have little value in exchange and those things that have the greatest value in use often have the greatest value in exchange.

Those things that have the least price often have little value in exchange and those things that have the greatest price often have the greatest value in exchange.

International Finance- Time Value Of Money

International Finance- Time Value of Money

These are questions from the Time Value of Money notes for Lesson 8.

Questions: 7 | Attempts: 778 | Last updated: Mar 21, 2023

Sample Question
What is Future Value?

Process of accumulated interest

Cash value of the investment at some point in the future

Interest compounded more often than once a year

Current value of future cash flows discounted at the appropriate discount rate

Combining Supply And Demand

Combining Supply and Demand

Explore key market concepts in the 'Combining Supply and Demand' quiz. Understand equilibrium, disequilibrium, shortages, price ceilings, minimum wage, and surplus. This quiz assesses comprehension of market dynamics and price...

Questions: 45 | Attempts: 287 | Last updated: Mar 21, 2023

Sample Question
When quantity demanded equals quantity supplied

Price ceiling

Minimum wage

Equilibrium

Price floor

Shortage

Rent control

Eco Quz 2 2012

Eco Quiz 2 2012 focuses on India's economic performance and policies in 2011-12, assessing knowledge on fiscal deficit, dairy development, bank rates, inflation, and GDP growth projections. It is designed for learners interested...

Questions: 30 | Attempts: 620 | Last updated: Mar 21, 2023

Sample Question
As per the data released by the Controller General of Accounts on 29 February 2012, fiscal deficit was 105 per cent of the total annual target in the April-January period of 2011-12. What did the deficit stand at?

Rs 4 lakh crore

Rs 3.33 lakh crore

Rs 5.21 lakh crore

Rs 4.34 lakh crore

International Wealth And Power Test 1

International Wealth and Power Test 1

Explore the dynamics of International Political Economy (IPE) with our quiz. Understand how global economic exchanges impact politics, the non-inclusion of scientific development in global economy studies, and the factors...

Questions: 68 | Attempts: 394 | Last updated: Mar 20, 2023

Sample Question
International political Economy (IPE) primarily studies

The political battle between nation states

The economic battle between producers and consumers

How the consequences of global economic exchange generate political winners and losers in national and international arenas

How the consequences of global political change generate new technologies

How the consequences of global economic change generate new political cultures.

Even The Best Of Economists Can Not Beat This Quizï»¿

An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and...

Questions: 30 | Attempts: 478 | Last updated: Mar 22, 2023

Sample Question
a consumer is maximizing her utility with a particular money income when:

The total utility derived from each product consumed is the same.

Mua/pa = mub/pb = muc/pc = ... = mun/pn.

Mua = mub = muc = ... = mun.

Pa = pb = pc = ... = pn.

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