Economics Quizzes & Trivia

Recent Quizzes

Can You ACE This Economics Exam? Trivia Quiz

Can you ace this Economics Exam? Trivia Quiz

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 Question
Which of the following statements is true about scarcity?

Scarcity is not a problem for the wealthy.

Scarcity refers to the situation in which unlimited wants exceed limited resources.

Scarcity is only a problem when a country has too large a population.

Scarcity arises when there is a wide disparity in income distribution.

Economics Questions And Answers! Trivia Quiz

Economics Questions and Answers! Trivia Quiz

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 Question
The conflict between the scarce economic wants of society and its unlimited economic resources gives rise to the economizing problem.

True

False

Final Exam- Economics Ch. 14

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 Question
A tax as a percentage of income increases as income increases

Regressive taxation

Progressive taxation

Proportional taxation

Increasing marginal tax rate

Econ 40 Final Practice Exam I.

Questions: 150 | Attempts: 140 | Last updated: Mar 20, 2022

Sample Question
Which of the following is true?

The Japanese rebuilt their economy after World War II by selling its goods to their own rapidly growing population.

Slow U.S. population growth in the 19th century forced American farmers and manufacturers to seek foreign markets to propel its rapid economic growth.

The Japanese rebuilt their economy after World War II by targeting the large U.S. market, while their own market remained largely closed to U.S. manufactured goods

America's rapid population growth in the 19th century slowed its economic growth rate.

Quiz: Economics Chapter 2 Trivia Questions!

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 Question
Each society determines who will consume what is produced based on

Its unique combination of social values and goals

Economic equality

Trivia Quiz On Production Possibility Curve! Knowledge Test

Trivia Quiz on Production Possibility Curve! Knowledge Test

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 Question
A production possibilities curve shows the relationship between the production of

Two types of factory goods

Any two categories of goods

GDP And Gnp Quiz

GDP And GNP Quiz

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 Question
Buying a brand new car from a ford dealership in Kalamazoo.

GDP

GNP

Neither

Both 1 and 2

Economics Quiz Chapter 3

This quiz will be over sections 1 and 2 in chapter 3

Questions: 10 | Attempts: 218 | Last updated: Mar 20, 2022

Sample Question
The 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?

True

False

Quiz: Economics Unit 1 Practice Test!

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 Question
What does the term capital mean?

Money that is spent by companies to produce goods

Resources that are made and used to make other good and services

The place where the company is located

None of these

Diaz- Intro To Economics Chapter 2

Diaz- Intro to Economics Chapter 2

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 Question
Which economic system best describes the United States economic system?

Laissez faire economy

Mixed market economy

Centrally planned (command) economy

Free market economy

Economics 10 Quiz 2

This quiz will test your knowledge and comprehension skills about Economics' scope and method.

Questions: 11 | Attempts: 89 | Last updated: Mar 20, 2022

Sample Question
Which of the following violates a basic economic principle?

Miggy spends Php100 each day and believes he is not losing anything.

Tippee sees a big opportunity cost if she decides to invest all her savings in stocks.

Kevin does not mind buying his needed calculator now although he really wants a new cellphone.

Justin cuts back on his food expenses so he can buy a new pair of pants.

Market Structure Economics Questions! Trivia Quiz

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 Question
Perfect competition is defined as market structure in which:

A: there are many small sellers.

B: the product is homogenous.

C: it is very easy for firms to enter or exit the market.

D: all of these.

Quiz: Scope Of Economics Quiz Questions!

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 Question
Which of the following is a characteristic of economies of scale?

The average cost declines as output increases

The average cost increases as output increases

The average cost remains constant as output increases

The average costs are cheaper when a firm produces a wider variety of goods

The average cost curve takes the form of a U-shape

Economics- Short Quiz On Business Costs And Market Structure

Economics- Short Quiz on Business Costs and Market Structure

A short quiz on selected topics.

Questions: 10 | Attempts: 97 | Last updated: Mar 22, 2022

Sample Question
A business, in the long run, must have ______________to avoid shutdown.

Employees

Sales

Good products

Profit

Economics Ps 8

Economics PS 8

Questions: 20 | Attempts: 402 | Last updated: Mar 21, 2022

Sample Question
In 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.

Less than

Greater than

Equal to

Sometimes less and sometimes greater than

Economics Exam: Trivia Quiz!

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 Question
When firms have the ability to restrict output, raise prices, stifle competition, and inhibit innovation the market failure involved is:

Public goods.

Externalities.

Market power.

Inequities.

Econ 3229 Ch 17

Econ 3229 ch 17

Questions: 19 | Attempts: 115 | Last updated: Mar 20, 2022

Sample Question
1. Each of the following items would appear as assets on the central bank's balance sheet, except:

Loans

Securities

Currency

Foreign exchange reserves

Economics -- Chapter Seven

ECONOMiCS -- CHAPTER SEVEN

Final april 30,2012 at 8:00 am

Questions: 10 | Attempts: 69 | Last updated: Mar 20, 2022

Sample Question
When evaluation a business decision, an economist will often resort to the use of present value because

The profits may not be large enough to warrant the time and attention of the investor

The investment occurs in one time period and the profits in another

The investment is often in one currency and the profits in another

The investment is often under one set of managers and the profits under another

Economics -- Chapter Five

ECONOMiCS -- CHAPTER FiVE

Final april 30, 2012 at 8:00 am

Questions: 15 | Attempts: 214 | Last updated: Mar 21, 2022

Sample Question
Agricultural Products can be modeled best using the model of

Monopolistic competition

Perfect competition

Oligopoly

Monopoly

Economics Quiz: Production, Distribution, And Consumption Of Goods And Services!

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 Question
The supply and demand model examines how prices and quantities are determined:

In markets

By governments

By churches

By monopolists

Quiz: Introduction To Economics Questions!

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 Question
Scarcity implies that the allocation scheme chosen by society can:

Not make more of any one good

Always make more of any good

Typically make more of a good but at the expense of making less of another

Always make more of all goods simultaneously

Hardest Exam On Economics: Quiz!

Hardest Exam on Economics: Quiz!

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 Question
Public choice refers to:

The decisions and decision-making processes that individuals go through to solve public problems.

Political decisions made in the interest of the public at large.

The application of economic principles and tools to public-sector decision making.

The process that individuals undergo to decide what goods and services they will purchase and consume.

The process that individuals undergo to decide whether or not they will pursue a career government service.

Discriminating Monopolist In Economics

discriminating monopolist in economics

Questions: 20 | Attempts: 138 | Last updated: Mar 20, 2022

Sample Question
Based 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__.

) i) 18, $25 and ii) 18, 10

I) 12, $25 and ii) 18, 16

) i) 18, $25 and ii) 16, 18

) i) 12, $25 and ii) 18, 10

None of the above

Canadian Immigration And Economics Practice Quiz

Canadian Immigration and Economics Practice Quiz

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 Question
Define "Labour Force":

A group of employed workers

People who are working as slaves

A working group made up of immigrants

A working group made up of refugees

Even The Best Of Economists Can Not Beat This Quizï»¿

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 Question
a consumer is maximizing her utility with a particular money income when:

The total utility derived from each product consumed is the same.

Mua/pa = mub/pb = muc/pc = ... = mun/pn.

Mua = mub = muc = ... = mun.

Pa = pb = pc = ... = pn.

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