Economics Quizzes & Trivia

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Economics Quiz Questions With Answers

Economics Quiz Questions with answers

Stay schemin

Questions: 41 | Attempts: 323 | Last updated: Mar 21, 2022

Sample Question
GDP is calculated including

Intermediate products but not final products.

Manufactured goods but not services.

Final products but not intermediate products.

Only good purchased by consumers in a given year.

Ecs1501 - Study Unit 1 -test

ECS1501 - Study Unit 1 -Test

STUDY UNIT 1:WHAT ECONOMICS IS ALL ABOUT

Questions: 5 | Attempts: 255 | Last updated: Mar 21, 2022

Sample Question
Select the incorrect statement with reference to economic theory.

Scarcity, wants, choice and opportunity cost are some of the main elements of economics.

Economics is a social science concerned with the efficient use of unlimited goods and service to achieve maximum satisfaction of human wants.

Economics is concerned with a systematic understanding of patterns of production, consumption and distribution of goods and services.

Price Determination In Market: Quiz!

Questions: 90 | Attempts: 990 | Last updated: Mar 22, 2022

Sample Question
In the table below what will be equilibrium market price? Price Demand(tonnes per annum) Supply(tonnes per annum) 1 1000 400 2 900 500 3 800 600 4 700 700 5 600 800 6 500 900 7 400 1000 8 300 1100

Rs.2

Rs.3

Rs.4

Rs.5

World's Toughest Trivia Quiz On Economics

World's Toughest Trivia Quiz on Economics

Some people may have attained a degree in economics and think that they know a lot when it comes to economics. Are you one of those people that brag about their knowledge in economics? Take up what has come to be known as the...

Questions: 86 | Attempts: 691 | Last updated: Mar 21, 2022

Sample Question
Which of the following is a measure of economic growth that is most useful for measuring political preeminence?

Growth in nominal GDP

Decreases in the rate of unemployment

Increases in real GDP per capita

Increases in real GDP

Economics Chapter Quiz Questions! Trivia

Questions: 20 | Attempts: 80 | Last updated: Mar 21, 2022

Sample Question
Which of the following expresses Maslow’s Motivation Theory best ?

Importance of motivation of customer development

Why people are driven by particular need at particular times

Where human needs are arranged in a hierarcy

All of these

Only 2 and 3

Introduction To Micro Economics

Questions: 68 | Attempts: 337 | Last updated: Mar 21, 2022

Sample Question
Find the correct match :

An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.

Science which deals with wealth : Alfred Marshall.

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.

The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money : Adam Smith.

Quantity Demanded Vs Demand [ncea Economics Level One + Two]

Quantity Demanded vs Demand [NCEA Economics Level One + Two]

Welcome to another awesome on-line quiz from EcoBizOnline.com. The purpose of this quiz is to check your understanding of Quantity Demanded and Demand. If you are unsure of a question, just give it your best shot :) Remember...

Questions: 6 | Attempts: 146 | Last updated: Mar 17, 2022

Sample Question
Quantity Demanded: You must select three options.

Supply to the extreme.

Is the relationship between price and quantity demanded only.

Is like a boss.

Relates to a movement along the demand curve and a specific point on the demand curve.

Requires a pHD to calculate

If the price of a good or service changes, then we know we are dealing with a change in quantity demanded and a movement along the demand curve.

Trivia: Could You Pass This Economics Exam? Quiz

Trivia: Could you pass this Economics Exam? Quiz

Do you have an economics exam to pass? This quiz will give you a positive outcome. In economics, GDP stands for Gross Domestic Product, which is the best measure of a country’s economic performance. It represents the...

Questions: 20 | Attempts: 184 | Last updated: Mar 22, 2022

Sample Question
If Scott opens a business selling pies, he would be considered a(an):

Consumer

Investor

Stockholder

Entrepreneur

Chapter1 Economics Practice Test? Quiz!

You might have absolutely no idea what the social science of economics even covers, never mind how it is studied, analyzed and put into practice. That’s completely fine, however, as your presence here shows us that you have...

Questions: 8 | Attempts: 2068 | Last updated: Mar 22, 2022

Sample Question
What does TINSTAAFL stand for?

There Is No Such Thing As A Free Lunch

That Is Not So True All Allies Fall Long

This Is Not So Tall All Aliens Freely Launch

There Is No Such Thing As A Free Lobster

Economics Practice Exam! Trivia Knowledge! Quiz

Preparing for an economics exam? This quiz can be helpful to you. With this quiz, you must know what scarcity is, what is a want compared to a need, what is specialization, how does economic growth flourish, what exactly is...

Questions: 9 | Attempts: 2299 | Last updated: Mar 22, 2022

Sample Question
What is Scarcity?

Scarcity Is the condition that results from society not having enough resources to produce all things.

The fundamental economic problem facing all societies is that of scarcity.

Whether they are rich or poor mot people want more stuff.

Some people want things like expensive cars and extra big houses things such as that.

Economics Pre-test Chapters 1-4

Economics pre-test chapters 1-4

Quiz for slavin chapters 1-4. something to prepare me for my exam.

Questions: 43 | Attempts: 650 | Last updated: Mar 22, 2022

Sample Question
Why is savings good for the economy?

The more we save the less we spend

Keeps inflation from increasing

It keeps intrest rates low

The FDIC has more money

Review Quiz On Economics And Economists! Trivia Quiz

Review Quiz on Economics and Economists! Trivia Quiz

Choose the BEST answer. Read the explanation if there is.

Questions: 36 | Attempts: 459 | Last updated: Mar 22, 2022

Sample Question
Which of the choices is not a role of an economist as a scientist?

Devise theories

Collect data

Analyze data

Generalize trends

Eco102 Lt H 1 Review (Chapter 1: Ten Principles Of Economics)

ECO102 LT H 1 REVIEW (Chapter 1: Ten Principles of Economics)

Choose the BEST answer. Time alloted is 30 min. There are explanations for some questions.

Questions: 26 | Attempts: 256 | Last updated: Mar 22, 2022

Sample Question
What is the Greek word where the word "economy" comes from? This word means "one who manages a household."

Okionomos

Okinoimos

Oikonomos

Oikonoimos

Test Your Economics Vocabulary! Trivia Quiz

Test your Economics Vocabulary! Trivia Quiz

In economics, vocabulary can be anything from tariff to literacy rate. An example of economics vocabulary includes resources. A resource is something of value to us that we can use to produce a good or service. Another example...

Questions: 13 | Attempts: 113 | Last updated: Mar 22, 2022

Sample Question
A government tax on government import, export goods.

Embargo

Quota

Tariff

Practice Test Questions: Trivia Quiz On Economics!

Practice Test Questions: Trivia Quiz on Economics!

Curions to learn interesting concepts about Economics? Did you know you can benefit from taking this practice test on economics? This quiz may help you—economics studies show people, businesses, and governments make...

Questions: 28 | Attempts: 140 | Last updated: Mar 21, 2022

Sample Question
What are the 3 Factors of Production?

Land/Work/Revenue

Land/Labour/Revenue

Labour/Capital/Land

Capital/Work/Primary Goods

Trivia Quiz On Fundamentals Of Economics

Trivia Quiz on Fundamentals of Economics

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: 256 | Last updated: Mar 20, 2022

Sample Question
Other things being equal, which of the following will increase current GDP in the United States?

An increase in exports of Boeing 767 airliners to Mexico.

A decrease in government purchases.

A decrease in business investment purchases.

An increase in the purchases of imported Japanese cameras by American consumers.

Economics Quiz: Test Your Basics!

Economics Quiz: Test your Basics!

Are you ready to test the basics with this quiz on economics? Do you think you would be able to pass? With this quiz, you must learn the tangible and intangible factors of production, which kind of economy has no government...

Questions: 10 | Attempts: 104 | Last updated: Dec 21, 2022

Sample Question
Which factors of production are TANGIBLE?

Land

Labor

Capital

Entrepreneurship

Economics - Supply & Demand

Questions: 5 | Attempts: 99 | Last updated: Mar 20, 2022

Sample Question
Categorize the following questions on this quiz as affecting mostly Supply, Demand , or Both. Equilibrium Point..

Demand

Supply

Both

Economics Vocabulary Quiz 2

Choose the best term to match the definition. This is for practice only. Results are not graded. You may take this quiz as often as you wish.

Questions: 20 | Attempts: 184 | Last updated: Mar 20, 2022

Sample Question
The amount of goods and services in the economy.

Aggregate demand

Aggregate supply

Factors of production

Open market operations

Ec 205 Test 1

EC 205 Test 1

fundamentals of economics

Questions: 17 | Attempts: 177 | Last updated: Mar 20, 2022

Sample Question
more supply and less demand _______ market equilibrium price

Increases

Decreases

Remains the same

Is indeterminate

Economics Terms Quiz Questions!

In the following quiz we’re going to take a look at the social science we know as economics, the study by which we are able to look at the production, distribution, and consumption of goods and services on a small...

Questions: 10 | Attempts: 1616 | Last updated: Mar 21, 2022

Sample Question
_____________ is a something we need to survive.

Want

Need

Choice

Supply

Economics Practice Test Questions And Answers

Economics Practice Test Questions and Answers

Hey, do you think yourself an economics expert? If yes, then here's a challenge for you. Take this Economics practice test quiz and see if you can score more than 80% on it. Economics is a very interesting subject. It helps...

Questions: 20 | Attempts: 23970 | Last updated: Oct 14, 2022

Sample Question
What is the financial gain made in transactions?

Profit

Resource

Scarcity

Wage

Trivia: The Ultimate Economics Vocabulary Quiz

There are a lot of terms that are used regularly when it comes to economics and students are expected to know them by heart and use them when they go to practice in the different sectors, they will land in. Do you think you can...

Questions: 20 | Attempts: 1999 | Last updated: Mar 22, 2022

Sample Question
A person that combines land, labor, and capital to start a business

Capital

Consumer

Entrepreneur

Ultimate Quiz On Marginal Costing

Ultimate Quiz on Marginal Costing

Do you understand marginal costing well? Take this ultimate quiz on marginal costing, and see how well you understand the concept. The marginal cost actually is the change in the total cost that comes up when the quantity...

Questions: 20 | Attempts: 775 | Last updated: Sep 28, 2022

Sample Question
Existing sales are Rs.1,00,000 (500 units), variable costs are Rs. 60000, fixed costs are Rs. 24000 . If the selling price is reduced by 10%which of the following is the break-even sales quantity

450 units

500 units

400 units

334 units

Economics Introduction Trivia Quiz

Economics Introduction Quiz

Questions: 8 | Attempts: 190 | Last updated: Mar 22, 2022

Sample Question
What is Economics?

The study of money

The study of finance

The study of business

A social science

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