Economics Quizzes & Trivia
Do you consider yourself to be undoubtedly smart when it comes to economics? If you said yes, then you should not have any worries when it comes to tackling the hardest economics trivia challenge created by man. Why don’t...
Questions: 26 | Attempts: 298 | Last updated: Jun 4, 2019
Sample QuestionJapan is a socialist country.
For students at a third-grade level, the following quiz aims to test your knowledge on the various facets of early study in the topic of economics – social science by which we analyze the production, distribution, and...
Questions: 15 | Attempts: 287 | Last updated: May 2, 2019
Sample Question__________ are things we do not need to survive like Xbox or TV.
It’s finally time for you to take your finals! Finally! In the following quiz we’ll be testing you to see if you’ve been keeping your nose in a book long enough for you to ace the big one, the test you’ll...
Questions: 15 | Attempts: 278 | Last updated: May 2, 2019
Sample QuestionWhat U.S. President legalized the home brewing of beer by signing an act of Congress in 1979?
Let’s face it. There is a small number of us that hear about having an exam and feel extremely confident about it and don’t get cold feet. The quiz below is specially designed for anyone taking the IB Economics HL...
Questions: 10 | Attempts: 257 | Last updated: Jun 4, 2019
Sample QuestionYou have 2 hours to write your paper 3, which is basically three essay questions. How do you use your time?
One of the best ways in which you can ensure you have a good understanding of something is by testing yourself regularly. Below is a quiz about chapter one from your economics class, and it is designed to test out how much you...
Questions: 10 | Attempts: 250 | Last updated: Jun 4, 2019
Sample QuestionThe study of how people manage their limited resources to satisfy their wants and needs
Ethics and Economics go hand in hand, and this is because for one to be able to achieve the goals in economics, they will also be expected to be ethical. There are different ethical preconditions in the economy that we got to...
Questions: 48 | Attempts: 250 | Last updated: Jul 30, 2019
Sample QuestionA good work ethic
The end of the semester is here, and this means that you have to sit for your respective exams. Are you an economics student and think that you have prepared fully for the upcoming exam? If you are in doubt, take up the exam...
Questions: 7 | Attempts: 242 | Last updated: Jun 4, 2019
Sample QuestionAll of the following where reasons for the Great Depression of 1929 except _________?
Below is a trivia questions quiz on Home Economics Terms and Vocabulary Test! There are a lot of things that sound or are seen as homey and the quiz below is perfect for testing pout just how much you know about home economics....
Questions: 30 | Attempts: 239 | Last updated: Nov 13, 2019
Sample QuestionFeelings such as happiness, fear, or love is called
We are already eight chapters deep into our ongoing studies in the social science of economics, the topic which deals primarily with how we look at the production, distribution, and consumption of goods and services, and how we...
Questions: 9 | Attempts: 234 | Last updated: May 2, 2019
Sample QuestionThe existence of the federal income tax and the welfare system serve as the primary elements of
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: 229 | Last updated: May 2, 2019
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 ?
Are you undertaking microeconomics in school and think that you are well on your way to passing that economics test that is coming up? To help you better prepare for it, I have prepared a quick trivia that is designed to help you...
Questions: 30 | Attempts: 228 | Last updated: Jun 4, 2019
Sample QuestionWhich of the following is correct?
Chapter one seemed to go well enough for you, but as we continue to delve deeper into our ongoing studies of economics, you’ll see things start to get a little more complex. Keep at it, however, as this social science will...
Questions: 10 | Attempts: 216 | Last updated: May 2, 2019
Sample QuestionThe supply and demand model examines how prices and quantities are determined:
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: 204 | Last updated: Jun 4, 2019
Sample QuestionOther things being equal, which of the following will increase current GDP in the United States?
Choose the BEST answer. Read the explanation if there is.
Questions: 36 | Attempts: 197 | Last updated: Jun 11, 2019
Sample QuestionWhich of the choices is not a role of an economist as a scientist?
Are you an IB Economics? HL student and have just began your classes and now completed Section 1 on Introduction to Economics/ if so then you are in luck as the quiz below is exactly what you need to ensure that you have...
Questions: 11 | Attempts: 190 | Last updated: Jun 4, 2019
Sample QuestionWhen a good is considered abundant, it is said to be a ...
Health economics is mostly related to ensuring that there are efficiency and effectiveness in the health care industry. This branch of economics is very profitable, and many students are majoring in it. Do you wish to refresh...
Questions: 20 | Attempts: 189 | Last updated: Jun 4, 2019
Sample QuestionAll of the following are health determinants except one:
The social science of economy looks at how we analyze the production, distribution and subsequent consumption of goods and services, but things aren’t always on the uptick when it comes to money and business. In the...
Questions: 3 | Attempts: 189 | Last updated: May 2, 2019
Sample QuestionA problem of choice arises because of
Health systems hold a lot of the information and need to be maintained and evaluated regularly. Do you think that you have what it takes to say that you understand health economics and can identify any factors that influence the...
Questions: 17 | Attempts: 177 | Last updated: Jun 4, 2019
Sample QuestionAll of the fallowing are specific similarities between physicians and economists except :
Economics is a tough topic to learn about when you’re starting off, but when you begin to appreciate how we analyze the production, distribution, and consumption of goods and services, whether it’s on a wide or narrow...
Questions: 100 | Attempts: 172 | Last updated: May 2, 2019
Sample QuestionPerfect competition is defined as market structure in which:
Welcome to the Trivia Questions Test on Economics. The quiz will test your understanding of the business environment and the different factors that affect the growth of a business based on what you study in your economics...
Questions: 10 | Attempts: 160 | Last updated: Oct 16, 2019
Sample QuestionThe need to make choices arises because
In life, when you pass through what people consider to be a difficult situation, there is a little chance that most situations may be a challenge for you. The quiz below is one of the toughest economic exam quizzes that I have...
Questions: 50 | Attempts: 160 | Last updated: Jun 4, 2019
Sample QuestionWhen a given percent change in price generates a LARGER percent change in the quantity demanded:
There are some sets of rules governing a lot of things in our lives, and when it comes to different disciplines, some of these laws help us to understand some concepts. The quiz below is part 2 of a series of tests that are...
Questions: 30 | Attempts: 133 | Last updated: Jun 4, 2019
Sample QuestionResource pricing is important because:
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Questions: 18 | Attempts: 133 | Last updated: Jan 3, 2013
Sample QuestionIf the price of a hotel room increases from $70 to $85 and the number of rooms booked decreases from 200 to 150, what would the price elasticity of demand equal? (absolute value)
Problem Set 6
Questions: 30 | Attempts: 130 | Last updated: Jan 22, 2016
Sample QuestionWhat is the reserve multiplier if the required reserve ratio is 25%?
This is an economics trivia that gives the learner an opportunity to review what they learned in chapter 6 this past classes. Understanding economics gives someone the opportunity to understand some trends that occur in the...
Questions: 15 | Attempts: 110 | Last updated: Aug 19, 2019
Sample QuestionThe regional multiplier is: