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Economy Quizzes, Questions & Answers

Attention all economics professionals! Can you meet our high demand for knowledge? Our fun economics quizzes will challenge your understanding and bring out your inner Marx or Smith. Can you tackle topics such as monetary policy, international economies, fiscal deficits, and inflation? And that’s just for starters.

We have a surplus of other quizzes to offer as well. We hope you won’t have a shortage of answers! Are you ready to prove your economic wisdom? We’ll find out soon enough! Will there be an inflation of information or a great deficit? Take our “Economy” quizzes to find out! If you enjoy these quizzes and find them informative, share them with your friends.

Top Trending Quizzes


We sincerely welcome you to this Labor market quiz! A Labor market is a place where workers and employee meet together conveniently. Do you believe you know everything about it? If so, why not give this awesome quiz a try? We are...

Questions: 10  |  Attempts: 932   |  Last updated: Aug 16, 2023
  • Sample Question
    In an organization, the process of attracting individuals for specific jobs is classified as what? 
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Do you know about the economies of scale? You can take this quiz on economies of scale MCQ. Economies of scale are generally related to the cost advantages occurring to an enterprise or organization. Take this quiz to see how...

Questions: 10  |  Attempts: 2850   |  Last updated: Aug 24, 2023
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    'Economies of scale' is also known as
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Embark on a journey through the economic heart of India with our "Sectors of Indian Economy" quiz. Uncover the intricacies of agriculture, industry, and services sectors that collectively shape the nation's economic...

Questions: 30  |  Attempts: 99   |  Last updated: Aug 26, 2024
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    Which sector of the Indian economy employs the largest number of people?
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Questions: 9  |  Attempts: 385   |  Last updated: Sep 1, 2023
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    Directions (Q. 1 – 5): The passage given below is followed by a set of five questions. Choose the most appropriate answer to each question. During the 1960’s and 1970’s the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community’s expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentive and slick promotional efforts. Through the transfer to jobs and related revenues that resulted from this practice, one town’s triumph could become another town’s tragedy. In the 1980’s the strategy shifted from this zero-sum game to one called “high-technology development,” in which local governments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas. Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship. Question: The primary purpose of the passage is to
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A short quiz about Chapter 2 of Economics.

Questions: 10  |  Attempts: 304   |  Last updated: Mar 21, 2023
  • Sample Question
    What is the economic system?
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