Economics Quizzes, Questions & Answers
Recent Quizzes
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.
EC 205 Test 1 evaluates understanding of market dynamics, focusing on how changes in supply and demand affect market equilibrium, prices, and total revenue. It assesses knowledge of price elasticity and the economic implications...
Questions: 17 | Attempts: 200 | Last updated: Mar 20, 2023
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Sample Questionmore supply and less demand _______ market equilibrium price
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: 1957 | Last updated: Jul 15, 2024
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Sample Question_____________ is a something we need to survive.
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: 42644 | Last updated: Aug 19, 2024
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Sample QuestionWhat is the financial gain made in transactions?
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: 2303 | Last updated: Mar 22, 2023
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Sample QuestionA person that combines land, labor, and capital to start a business
Do you understand marginal costing well? Take this ultimate quiz on marginal costing, and see how well you understand the concept. The marginal cost actually is the change in the total cost that comes up when the quantity...
Questions: 20 | Attempts: 888 | Last updated: Aug 26, 2023
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Sample QuestionExisting sales are Rs.1,00,000 (500 units), variable costs are Rs. 60000, fixed costs are Rs. 24000 . If the selling price is reduced by 10%which of the following is the break-even sales quantity
Explore the fundamentals of economics through this engaging trivia quiz. Test your understanding of basic economic concepts, the role of entrepreneurs, business organization forms, and historical economic events. This quiz is...
Questions: 8 | Attempts: 328 | Last updated: Mar 22, 2023
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Sample QuestionWhat is Economics?