Economics Quizzes, Questions & Answers
Recent Quizzes
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: 282 | Last updated: Mar 22, 2023
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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 ?
There are different things that we get to study when we take up economics as a discipline. Each of the studies has a primary focus that distinguishes it from the others. Do you think that you have what it takes to identify which...
Questions: 16 | Attempts: 3523 | Last updated: Mar 22, 2023
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Sample QuestionWhat approach to economic study focuses on observation and prediction?
It is true that no one finds it super exciting for a test unless they feel a hundred percent sure of their understanding capabilities. Are you an NCA student? With the economics test just around the corner it is important to get...
Questions: 21 | Attempts: 215 | Last updated: Mar 22, 2023
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Sample QuestionIf people expect the price of antique furniture to fall in the near future, what will probably happen to the demand curve for antique furniture?
For NCA kids to study for final. Test Questions!
Questions: 25 | Attempts: 159 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following principles is most clearly taught in Scripture?
Economics is a study that helps us to identify how to maximize the output we get from our scarce resources and meet the needs of our clients or our own needs. Do you wish to test your knowledge about economics? Take up the quiz...
Questions: 9 | Attempts: 1666 | Last updated: Mar 20, 2023
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Sample QuestionThe value of the best alternative forgone when an activity is chosen can best be defined as
Questions: 41 | Attempts: 208 | Last updated: Mar 20, 2023
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Sample QuestionIn a market economy, both parties in a transaction expect to gain from any exchange of goods and services.
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: 263 | Last updated: Mar 20, 2023
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Sample QuestionAll of the following where reasons for the Great Depression of 1929 except _________?
It’s time to get down to basics as we take a look at one of the more complex topics when it comes to business and finance; economics! It sounds easy on paper – it’s just the study of production, distribution,...
Questions: 7 | Attempts: 3854 | Last updated: Mar 22, 2023
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Sample QuestionIf the CPI in 2000 is 100 and the CPI in 2008 is 110, there has been:
Do you have basic knowledge of economics, and do you think you can pass this quiz? When it comes to economics, everyone should know that there are two kinds of economics: macroeconomics and microeconomics. A significant factor...
Questions: 10 | Attempts: 121 | Last updated: Mar 22, 2022
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Sample QuestionStudy of money and how people use their money.
Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. One of how we get to ensure that the company we set up ensures we understand the factors affecting the...
Questions: 9 | Attempts: 12902 | Last updated: Feb 22, 2024
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Sample QuestionThe phenomenon of scarcity stems from the fact that...
This test is based on the ACEE's survey that produced the most common misconceptions concerning economics. By the end of the course, students will understand all the concepts touched on here. Read the following questions...
Questions: 19 | Attempts: 12935 | Last updated: Mar 22, 2022
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Sample QuestionFor most people, the largest protion of their personal income comes from:
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