Economics Quizzes, Questions & Answers
Recent Quizzes
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
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Sample QuestionThe supply and demand model examines how prices and quantities are determined:
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
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Sample QuestionScarcity implies that the allocation scheme chosen by society can:
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
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Sample Question1. Two major exports for the United States are
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
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Sample Question1. Market failure is a situation in which
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
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Sample Question1. The diamond-water paradox is the observation that
These are questions from the Time Value of Money notes for Lesson 8.
Questions: 7 | Attempts: 778 | Last updated: Mar 21, 2023
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Sample QuestionWhat is Future Value?
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
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Sample QuestionWhen quantity demanded equals quantity supplied
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: 619 | Last updated: Mar 21, 2023
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Sample QuestionAs 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?
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
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Sample QuestionInternational political Economy (IPE) primarily studies
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
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Sample Questiona consumer is maximizing her utility with a particular money income when:
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