11th Grade Microeconomics Quizzes, Questions & Answers

11th Grade

Top Trending Microeconomics Quizzes

The Microeconomics 101 Part III Quiz assesses understanding of basic economic principles such as trade-offs, scarce goods, private property rights, economic systems, and the concept of 'a bad'. This quiz is essential for learners...

Questions: 20 | Attempts: 193 | Last updated: Mar 17, 2025

Sample Question
Comparing opportunity costs of production is called what?

Recognizing Trade-offs

The myth of material wealth

Scarcity

A bad

Have Difficulty In 11th Grade Economics? Here Is A Practice Test!

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Have Difficulty in 11th Grade Economics? Here Is a Practice Test...

Questions: 26 | Attempts: 2134 | Last updated: Oct 4, 2025

Sample Question
Material desires of individuals or communitys can be defined as

Needs

Demands

Wants

Opportunity costs

Introduction To Micro Economics

This quiz, titled 'Introduction To Micro Economics', assesses key principles such as scarcity, rational decision-making, and economic definitions. It focuses on understanding human behavior in economic contexts, highlighting the...

Questions: 68 | Attempts: 420 | Last updated: Mar 21, 2025

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.

Labour Market MCQ Quiz

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: 1114 | Last updated: Aug 16, 2025

Sample Question
In an organization, the process of attracting individuals for specific jobs is classified as what?

Firing

Staffing

Recruiting

Leading

Econ 111 - Refresher

The Econ 111 - Refresher quiz evaluates understanding of basic economic principles, focusing on economic systems like capitalism, socialism, and mixed economies. It tests knowledge on the allocation of resources, factors of...

Questions: 40 | Attempts: 326 | Last updated: Mar 21, 2025

Sample Question
Economics is the study of the allocation of free goods.

True

False

Popular Microeconomics Quizzes

Principles Of Economics Questions!

Principles of Economics Questions!

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: 13960 | Last updated: Feb 22, 2025

Sample Question
The phenomenon of scarcity stems from the fact that...

Most economies’ production methods are not very good.

In most economies, wealthy people consume disproportionate quantities of goods and services.

Governments restricts production of too many goods and services.

Resources are limited.

People are greedy

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: 8326 | Last updated: Jun 17, 2025

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

An Introduction To Microeconomics Quiz!

This is an introduction to microeconomics quiz. The study of microeconomics is a branch of economics. It's the study of how we produce, distribute, and consume goods and services, but the difference is that microeconomics...

Questions: 10 | Attempts: 5397 | Last updated: Jan 11, 2025

Sample Question
Microeconomics focuses on ...................................... .

Issues such as economics growth, inflation and unemployment

The working of the whole economy

Factors that affect the total demand for goods and services

The behavior of individuals and organizations towards scarce resources

Business Quiz: Production And Costs

Business Quiz: Production and Costs

In any business, production and cost are two pivotal processes regarding a business's success and profit. You need to be making sure that the cost of your production does not outweigh the money being brought in. So, let's...

Questions: 26 | Attempts: 5327 | Last updated: Mar 22, 2025

Sample Question
Total revenue equals the quantity of output the firm produces times the price at which it sells its output.

True

False

Externalities Quiz (Chapter 10)

Externalities Quiz (chapter 10)

Test your knowledge with this quiz based on externalities in chapter 10 of the book 'Economics' - Mankiw and Taylor.

Questions: 11 | Attempts: 4869 | Last updated: Oct 3, 2025

Sample Question
An externality is:

A negative effect borne onto a third party.

A positive effect borne onto a third party.

Costs which have to be borne by a third party.

The 10 Principles Of Economics

The 10 Principles of Economics

Explore the foundational concepts of economics through this engaging quiz on the 10 Principles of Economics. Assess your understanding of trade-offs, marginal thinking, market organization, and more, enhancing your economic...

Questions: 10 | Attempts: 4577 | Last updated: Mar 22, 2025

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