Economics Quizzes, Questions & Answers
Recent Quizzes
This Econ Review quiz assesses understanding of comparative and absolute advantages in economics through practical examples involving individual and country-level production efficiencies.
Questions: 60 | Attempts: 332 | Last updated: Mar 15, 2023
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Sample QuestionMichelle and Patrick plan on completing a painting project at home. However, their skills are not equal. Michelle can paint one wall in 20 minutes and she can 'cut-in' or edge one wall in 10 minutes. Patrick can paint one wall in 60 minutes and he can edge one wall in 20 minutes. Which person has the comparative advantage in each task?
Just to study. I have a huge exam coming up...
Questions: 41 | Attempts: 222 | Last updated: Mar 22, 2023
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Sample QuestionA rise in the general price level resulting from an excess of total spending (demand)
What do you understand about the history of economics? This quiz will determine how much you know about this topic. The history of economics involves different thinkers that have theories about certain economic matters. It...
Questions: 8 | Attempts: 986 | Last updated: Mar 22, 2023
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Sample QuestionThe word economics comes from what Greek word?
What is your economic IQ? The economy is based on what a country's growth in various aspects of the life of the population depends on. Do you know enough about economics? Well, if you think you have a strong IQ in this field,...
Questions: 72 | Attempts: 12704 | Last updated: Feb 15, 2024
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Sample QuestionWhat is Economics?
Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.
Have Difficulty in 11th Grade Economics? Here Is a Practice Test...
Questions: 26 | Attempts: 2123 | Last updated: Nov 5, 2024
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Sample QuestionMaterial desires of individuals or communitys can be defined as
In layman’s terms, the social science of economics involves the study of money, goods, and services – or rather how we can keep the wheels turning and continue to have people producing, distributing and consuming...
Questions: 10 | Attempts: 290 | Last updated: Mar 22, 2023
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Sample QuestionThe consumption function of an economy with no government sector and no foreign trade is C = W120 + 0.6Y. (C = aggregate consumption and Y national income). If investment expenditure is autonomous and equal to W 280, what is the equilibrium level of INCOME ?
In this quiz, test your knowledge on unit four of social studies, when tasked with answering questions related to crops, fossil fuels, markets, raw materials, conservation and distribution. Can you get them all right? Find out...
Questions: 9 | Attempts: 470 | Last updated: Mar 21, 2023
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Sample QuestionPlants that people grow for food or other needs
What do you know about currency? In the Republic of Ireland, the currency is the Euro, and Northern Ireland issues their banknotes, and with this, you may come across some differences in the notes. Northern Ireland and the...
Questions: 5 | Attempts: 8154 | Last updated: Nov 17, 2023
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Sample QuestionWhat is the currency of Switzerland?
A quiz about the economic history of First Nations people in Saskatchewan.
Questions: 5 | Attempts: 152 | Last updated: Mar 21, 2022
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Sample QuestionHistorically, Metis people depended upon which of the following to create economic wealth?
There are different things that we get to study when we take up economics as a discipline. Each of the studies has a primary focus that distinguishes it from the others. Do you think that you have what it takes to identify which...
Questions: 16 | Attempts: 3640 | Last updated: Mar 22, 2023
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Sample QuestionWhat approach to economic study focuses on observation and prediction?
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