Economics Quizzes, Questions & Answers

Recent Quizzes

Financial Understanding Quiz: Measure Your Financial Literacy

Are you ready to test your financial knowledge and enhance your understanding of essential finance concepts? Dive into our Financial Understanding Quiz, designed for students, professionals, and anyone eager to improve their...

Questions: 10 | Attempts: 80 | Last updated: Jun 17, 2024

Sample Question
What is the primary purpose of a budget?

To track daily activities

To plan future expenses

To calculate taxes

To measure income

Discriminating Monopolist In Economics

discriminating monopolist in economics

Explore the complexities of market dynamics with this quiz focused on a discriminating monopolist in economics. Tackle scenarios involving no-trade conditions, world pricing, free trade, and tariffs. Gain insights into profit...

Questions: 20 | Attempts: 142 | Last updated: Aug 8, 2024

Sample Question
Based on the diagram above, i) under conditions of no-trade, the domestic monopolist will produce and sell __ at a price of __ and ii) if the world price is $15, the domestic monopolist will produce__ and the country will import__.

) i) 18, $25 and ii) 18, 10

I) 12, $25 and ii) 18, 16

) i) 18, $25 and ii) 16, 18

) i) 12, $25 and ii) 18, 10

None of the above

Canadian Immigration And Economics Practice Quiz

Canadian Immigration and Economics Practice Quiz

This test will be made up of concepts such as: -immigration -refugee -the Immigration and Refugee Act -Immigration Law -Immigration Policy -Provincial Nomination Program -Mixed and Market Economies -Labour...

Questions: 20 | Attempts: 699 | Last updated: Aug 29, 2024

Sample Question
Define "Labour Force":

A group of employed workers

People who are working as slaves

A working group made up of immigrants

A working group made up of refugees

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.

Economics Quiz Questions With Answers

Economics Quiz Questions with answers

This Economics Quiz assesses understanding of concepts like GDP, net exports, government purchases, and inflation through CPI. It's designed to enhance knowledge of economic fundamentals, crucial for academic and professional...

Questions: 41 | Attempts: 484 | Last updated: Mar 21, 2023

Sample Question
GDP is calculated including

Intermediate products but not final products.

Manufactured goods but not services.

Final products but not intermediate products.

Only good purchased by consumers in a given year.

Ecs1501 - Study Unit 1 -test

ECS1501 - Study Unit 1 -Test

ECS1501 - Study Unit 1 - Test focuses on fundamental economic concepts such as scarcity, opportunity cost, and economic theory. It assesses understanding through theoretical questions and practical application via graphs,...

Questions: 5 | Attempts: 275 | Last updated: Mar 21, 2023

Sample Question
Select the incorrect statement with reference to economic theory.

Scarcity, wants, choice and opportunity cost are some of the main elements of economics.

Economics is a social science concerned with the efficient use of unlimited goods and service to achieve maximum satisfaction of human wants.

Economics is concerned with a systematic understanding of patterns of production, consumption and distribution of goods and services.

Price Determination In Market: Quiz!

This quiz titled 'Price Determination In Market' assesses understanding of market equilibrium, marginal revenue, and profit maximization. It challenges learners to apply economic principles to determine optimal pricing and output...

Questions: 90 | Attempts: 1122 | Last updated: Mar 22, 2023

Sample Question
In the table below what will be equilibrium market price? Price Demand(tonnes per annum) Supply(tonnes per annum) 1 1000 400 2 900 500 3 800 600 4 700 700 5 600 800 6 500 900 7 400 1000 8 300 1100

Rs.2

Rs.3

Rs.4

Rs.5

World's Toughest Trivia Quiz On Economics

World's Toughest Trivia Quiz on Economics

Some people may have attained a degree in economics and think that they know a lot when it comes to economics. Are you one of those people that brag about their knowledge in economics? Take up what has come to be known as the...

Questions: 86 | Attempts: 704 | Last updated: Aug 27, 2024

Sample Question
Which of the following is a measure of economic growth that is most useful for measuring political preeminence?

Growth in nominal GDP

Decreases in the rate of unemployment

Increases in real GDP per capita

Increases in real GDP

Introduction To Micro Economics

This quiz, titled 'Introduction To Micro Economics', assesses key principles such as scarcity, rational decision-making, and economic definitions. It focuses on understanding human behavior in economic contexts, highlighting the...

Questions: 68 | Attempts: 418 | Last updated: Mar 21, 2023

Sample Question
Find the correct match :

An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.

Science which deals with wealth : Alfred Marshall.

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.

The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money : Adam Smith.

Quantity Demanded Vs Demand [ncea Economics Level One + Two]

Quantity Demanded vs Demand [NCEA Economics Level One + Two]

Welcome to another awesome on-line quiz from EcoBizOnline.com. The purpose of this quiz is to check your understanding of Quantity Demanded and Demand. If you are unsure of a question, just give it your best shot :) Remember...

Questions: 6 | Attempts: 166 | Last updated: Mar 17, 2023

Sample Question
Quantity Demanded: You must select three options.

Supply to the extreme.

Is the relationship between price and quantity demanded only.

Is like a boss.

Relates to a movement along the demand curve and a specific point on the demand curve.

Requires a pHD to calculate

If the price of a good or service changes, then we know we are dealing with a change in quantity demanded and a movement along the demand curve.

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