Economics Quizzes, Questions & Answers
Recent Quizzes
The 'WACHE HS Economics FINAL' quiz assesses understanding of basic economic principles, focusing on supply and demand, market equilibrium, and the effects of price changes. It evaluates critical thinking and application in...
Questions: 21 | Attempts: 112 | Last updated: Mar 21, 2023
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Sample QuestionAlong a supply curve, if the price of oil falls, what will happen to the quantity of oil supplied?
This quiz focuses on the concepts of economies and diseconomies of scale within business economics. It assesses understanding of internal and external scale economies, R&D implications, and the financial impacts of production...
Questions: 10 | Attempts: 369 | Last updated: Mar 14, 2023
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Sample QuestionEconomics of scale can be defined as
Explore the fundamentals of economics through the 'Monetary System Quiz'. This quiz assesses understanding of barter systems, the functions of money, the nature of U.S. currency, and the components of M1. It's ideal for learners...
Questions: 25 | Attempts: 301 | Last updated: Mar 21, 2023
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Sample QuestionBarter
This quiz explores fundamental concepts in economics and management, focusing on economic systems, market interactions, and management challenges like the principal-agent problem. It assesses understanding of economic costs,...
Questions: 25 | Attempts: 394 | Last updated: Sep 8, 2023
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Sample QuestionEconomics is a ----- science which deals with human wants and their satisfaction.
Explore key economic concepts through the 'Economics Trivia MCQ: Exam! Quiz'. This quiz assesses understanding of GDP, fiscal policy, business cycles, and more, enhancing your grasp of economics in a practical context.
Questions: 30 | Attempts: 734 | Last updated: Mar 19, 2023
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Sample QuestionGDP per capita is GDP divided by:
The increase rate of the world's population always have the positive and negative effects. The production of goods depends natural and artificial resources which are limited. The effects on world population varies with steps...
Questions: 10 | Attempts: 172 | Last updated: Mar 21, 2023
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Sample QuestionWhich of these is a disadvantage of overpopulation?
Understanding the concepts of production, distribution, and consumption is very important in social studies. They involve the transformation of simple, raw materials into finished goods and transferring them to the final...
Questions: 10 | Attempts: 239 | Last updated: Oct 22, 2024
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Sample QuestionWhat is the process of creating an output called?
This quiz assesses understanding of Production Possibilities Curves, focusing on concepts like underutilization, production possibilities frontier, and the law of increasing costs. It's designed to test knowledge on how economies...
Questions: 8 | Attempts: 186 | Last updated: Mar 22, 2023
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Sample QuestionA production possibilities curve shows the relationship between the production of
Economics according to Lionel Robbins is a social science discipline concerned with human interaction with economic forces namely end and means. It is helpful in monetary policy, national economic policies as well as...
Questions: 10 | Attempts: 129 | Last updated: Mar 22, 2023
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Sample QuestionWho described economics as the study of the relationship between end and means?
Population is increasing rapidly every year. The ones with highest population in the world are China, India, United States of America etc. Increment of population seems scary because it's not just dangerous to environment but...
Questions: 20 | Attempts: 603 | Last updated: Mar 21, 2023
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Sample QuestionEconomics is concerned with:
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