Economics Quizzes & Trivia
Think you are an expert in Economics? Can you ace this economics exam? This quiz is an excellent tool to prove your knowledge and use for practice. Economics is the study or practice of how people interact with value. The...
Questions: 26 | Attempts: 139 | Last updated: Mar 21, 2022
Sample QuestionWhich of the following statements is true about scarcity?
Below is a trivia quiz on the English language. One of the ways to understand the English language is tested is based on your ability to write grammatically correct sentences. In this quiz, you will be expected to fill in the...
Questions: 21 | Attempts: 65 | Last updated: Mar 22, 2022
Sample QuestionThe conflict between the scarce economic wants of society and its unlimited economic resources gives rise to the economizing problem.
This is the second part of your final. Make sure your eyes are on your own screen.
Questions: 40 | Attempts: 96 | Last updated: Mar 21, 2022
Sample QuestionA tax as a percentage of income increases as income increases
Questions: 150 | Attempts: 140 | Last updated: Mar 20, 2022
Sample QuestionWhich of the following is true?
Welcome to chapter two of our ongoing analysis on the social science of economics, the study which looks at how economic agents behave and interact with one another, and how economies work in general. There are some key questions...
Questions: 6 | Attempts: 1740 | Last updated: Mar 22, 2022
Sample QuestionEach society determines who will consume what is produced based on
Welcome to the trivia quiz on production possibility curve.In our economy class we got to learn more about how to maximize output between two products using the limited resources.Take up the quiz below and get to see just how...
Questions: 8 | Attempts: 1583 | Last updated: Mar 22, 2022
Sample QuestionA production possibilities curve shows the relationship between the production of
GDP is the total economic happening within the economic territory of the country. It is measured at macro levels. This quiz on GDP and GNP will test your knowledge about these macro indicators used for economic activity...
Questions: 10 | Attempts: 1854 | Last updated: Oct 14, 2022
Sample QuestionBuying a brand new car from a ford dealership in Kalamazoo.
This quiz will be over sections 1 and 2 in chapter 3
Questions: 10 | Attempts: 218 | Last updated: Mar 20, 2022
Sample QuestionThe law of demand states that an increase in a good's price causes a decrease in the quantity demanded and that a decrease in price causes an increase in the quantity demanded?
Looking for a helpful Economics unit 1 practice test? Here is a quiz for you. The study of economics covers the topic of finance and the many ways in which it can be distributed, with the production, transport, and consumption of...
Questions: 25 | Attempts: 5321 | Last updated: Aug 28, 2022
Sample QuestionWhat does the term capital mean?
This quiz covers the material we have covered in Ch. 2 Upon completion of the quiz you need to begin your Economic analysis paper on the China/Hong Kong relationship.
Questions: 34 | Attempts: 135 | Last updated: Mar 20, 2022
Sample QuestionWhich economic system best describes the United States economic system?
This quiz will test your knowledge and comprehension skills about Economics' scope and method.
Questions: 11 | Attempts: 89 | Last updated: Mar 20, 2022
Sample QuestionWhich of the following violates a basic economic principle?
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: 448 | Last updated: Mar 20, 2022
Sample QuestionPerfect competition is defined as market structure in which:
If you’re studying the topic of economics, then you know just how complex the social science of analyzing the production, distribution, and consumption of goods and services can be. That being said, there’s a...
Questions: 18 | Attempts: 2057 | Last updated: Mar 22, 2022
Sample QuestionWhich of the following is a characteristic of economies of scale?
A short quiz on selected topics.
Questions: 10 | Attempts: 97 | Last updated: Mar 22, 2022
Sample QuestionA business, in the long run, must have ______________to avoid shutdown.
Questions: 20 | Attempts: 402 | Last updated: Mar 21, 2022
Sample QuestionIn the IS-LM analysis, the increase in income resulting from a tax cut is usually ______ the increase in income resulting from an equal rise in government spending.
Are you ready for the economics exam? This quiz may be of assistance. In this quiz, you will have to grasp the concepts, including the goal of the antitrust laws, what is an example of a national monopoly, what type of market...
Questions: 43 | Attempts: 222 | Last updated: Mar 22, 2022
Sample QuestionWhen firms have the ability to restrict output, raise prices, stifle competition, and inhibit innovation the market failure involved is:
Questions: 19 | Attempts: 115 | Last updated: Mar 20, 2022
Sample Question1. Each of the following items would appear as assets on the central bank's balance sheet, except:
Final april 30,2012 at 8:00 am
Questions: 10 | Attempts: 69 | Last updated: Mar 20, 2022
Sample QuestionWhen evaluation a business decision, an economist will often resort to the use of present value because
Final april 30, 2012 at 8:00 am
Questions: 15 | Attempts: 214 | Last updated: Mar 21, 2022
Sample QuestionAgricultural Products can be modeled best using the model of
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: 335 | Last updated: Mar 21, 2022
Sample QuestionThe supply and demand model examines how prices and quantities are determined:
It doesn’t matter what topic you’re dealing with, whether it’s something you have a great interest in or something you find boring but thinks will come in handy, everybody starts in the same place when they take...
Questions: 8 | Attempts: 551 | Last updated: Mar 22, 2022
Sample QuestionScarcity implies that the allocation scheme chosen by society can:
Can you pass the most challenging exam on economics? For this quiz, you should recognize what public choice refers to, what is a public choice theorist, what tends to happen with the left side in politics, and would a person take...
Questions: 42 | Attempts: 446 | Last updated: Mar 22, 2022
Sample QuestionPublic choice refers to:
Questions: 20 | Attempts: 138 | Last updated: Mar 20, 2022
Sample QuestionBased on the diagram above, i) under conditions of no-trade, the domestic monopolist will produce and sell __ at a price of __ and ii) if the world price is $15, the domestic monopolist will produce__ and the country will import__.
This test will be made up of concepts such as: -immigration -refugee -the Immigration and Refugee Act -Immigration Law -Immigration Policy -Provincial Nomination Program -Mixed and Market Economies -Labour Unions -Supply, Demand...
Questions: 20 | Attempts: 463 | Last updated: Mar 20, 2022
Sample QuestionDefine "Labour Force":
An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and...
Questions: 30 | Attempts: 431 | Last updated: Mar 22, 2022
Sample Questiona consumer is maximizing her utility with a particular money income when: