Economics Quizzes, Questions & Answers
Recent Quizzes
Explore the realm of economics with our engaging Goods and Services Quiz. Test your knowledge on the distinction between tangible goods and intangible services. Dive into questions that cover a wide spectrum, from identifying...
Questions: 10 | Attempts: 3539 | Last updated: Feb 28, 2024
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Sample QuestionWhat are tangible items that can be touched and owned?
This Economics Midterm Study Guide explores fundamental economic concepts including scarcity, macroeconomics, and microeconomics. It delves into models, opportunity costs, and production possibilities, equipping learners with...
Questions: 45 | Attempts: 272 | Last updated: Mar 21, 2023
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Sample QuestionEconomics
In business today, one has to have adequate knowledge of economics and how it affects businesses and their activities. There are some factors within the economy to watch out for if you have a business such as interest rates,...
Questions: 10 | Attempts: 1538 | Last updated: Dec 18, 2023
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Sample QuestionWhich of the following would be a topic emphasized in a microeconomics class?
You will have 30 minutes to complete the 10 question quiz by Monday night at 11:59 p.m.
Questions: 10 | Attempts: 2628 | Last updated: Mar 22, 2023
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Sample QuestionA price floor is binding if:
Are you a beginner when it comes to economics? Have you just covered chapters one to five in ECO 401 class? If your answer was a yes, then the quiz below is designed to test out just how much information you have when it comes to...
Questions: 8 | Attempts: 1818 | Last updated: Apr 3, 2024
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Sample QuestionWhich is not correct for product Market
Looking for the law of demand practice quiz questions with answers? You have reached the right place. Take this quiz and test your knowledge regarding demand-supply. Law of demand is a basic principle of economics. This quiz is...
Questions: 10 | Attempts: 12586 | Last updated: Aug 21, 2023
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Sample QuestionAccording to ____________, when price decreases, demand rises, and when price increases, demand falls.
Are you ready for this FSOT practice quiz on economics? This quiz may be of assistance. You will be responsible for grasping the supply/demand economic theory. Who is South America’s only OPEC member, what is the...
Questions: 75 | Attempts: 1237 | Last updated: Mar 21, 2023
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Sample QuestionBased on supply/demand economic theory, price controls on the supply of wheat during a famine would result in
Explore the dynamics of market systems, focusing on property rights, consumer influence, competition, and economic communication.
Questions: 25 | Attempts: 649 | Last updated: Mar 20, 2023
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Sample QuestionIn a market system, the government owns most of the property resources (land and capital).
This quiz covers the basics of demand & supply. All questions come from your Introduction to Demand, Introduction to Supply, and Determining Price Notes. You will have 1 minute to answer each question.
Questions: 10 | Attempts: 18431 | Last updated: Oct 28, 2024
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Sample QuestionWhich of the following is not a component of demand?
This quiz explores the basic economic concepts of needs and wants, differentiating between essential requirements and desires, and includes questions on economic resources and services.
Questions: 6 | Attempts: 4083 | Last updated: Oct 16, 2024
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Sample QuestionThings that are required in order to live are known as ....?
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