Economics Quizzes, Questions & Answers
Recent Quizzes
Economics is a wide area of study that cuts across different professions as it helps them to meet their goals. This being said, there are some fundamentals when it comes to Economics that someone is expected to have a proper...
Questions: 30 | Attempts: 261 | Last updated: Mar 20, 2023
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Sample QuestionOther things being equal, which of the following will increase current GDP in the United States?
Are you ready to test the basics with this quiz on economics? Do you think you would be able to pass? With this quiz, you must learn the tangible and intangible factors of production, which kind of economy has no government...
Questions: 10 | Attempts: 310 | Last updated: Aug 31, 2023
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Sample QuestionWhich factors of production are TANGIBLE?
This quiz titled 'EC 205 Problem Sets 1-3' assesses key economic principles through questions on corporate profits, implicit costs, economic profit calculation, business structures, and input variability. It's designed to test...
Questions: 45 | Attempts: 154 | Last updated: Mar 18, 2023
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Sample QuestionThe portion of corporate profits that's passed on to stockholders is called
Choose the best term to match the definition. This is for practice only. Results are not graded. You may take this quiz as often as you wish.
Questions: 20 | Attempts: 186 | Last updated: Mar 20, 2023
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Sample QuestionThe amount of goods and services in the economy.
In the following quiz we’re going to take a look at the social science we know as economics, the study by which we are able to look at the production, distribution, and consumption of goods and services on a small...
Questions: 10 | Attempts: 1968 | Last updated: Jul 15, 2024
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Sample Question_____________ is a something we need to survive.
This quiz, titled 'Money and Banking [Ch. 3]', explores fundamental concepts of money's role in the economy. It assesses understanding of money as a medium of exchange, the inefficiencies of barter systems, and the liquidity of...
Questions: 35 | Attempts: 227 | Last updated: Mar 20, 2023
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Sample QuestionMoney is anything that is generally accepted in payment for goods and services or in the repayment of debt
Hey, do you think yourself an economics expert? If yes, then here's a challenge for you. Take this Economics practice test quiz and see if you can score more than 80% on it. Economics is a very interesting subject. It helps...
Questions: 20 | Attempts: 43691 | Last updated: Aug 19, 2024
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Sample QuestionWhat is the financial gain made in transactions?
Check out our amazing quiz that we have brought for you to test your knowledge of war and finance. Since 2001, the United States has spent a vast amount of money on the wars in Afghanistan and Iraq. Do you know...
Questions: 10 | Attempts: 76 | Last updated: Aug 22, 2023
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Sample QuestionWhat percentage of the federal debt can be attributed to military spending?
There are a lot of terms that are used regularly when it comes to economics and students are expected to know them by heart and use them when they go to practice in the different sectors, they will land in. Do you think you can...
Questions: 20 | Attempts: 2317 | Last updated: Mar 22, 2023
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Sample QuestionA person that combines land, labor, and capital to start a business
Explore key business concepts with the Principles of Business Knowledge Quiz. Assess your understanding of trade types, economic systems, and sector roles. Ideal for students and professionals keen on enhancing their business...
Questions: 10 | Attempts: 6531 | Last updated: Feb 6, 2024
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Sample QuestionWhen Trinidad exchanges its oil for cement from Jamaica, the form of trade is best described as:
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