11th Grade Microeconomics Quizzes, Questions & Answers
Recent Microeconomics Quizzes
This quiz assesses first-year students on basic business concepts, including the definition of profit, types of organizations, and ethical decision-making. It's designed to test understanding of essential economic principles and...
Questions: 18 | Attempts: 2783 | Last updated: Apr 22, 2025
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Sample QuestionWhat is Profit?
Choose the BEST answer. Time alloted is 30 min. There are explanations for some questions.
Questions: 26 | Attempts: 299 | Last updated: Mar 22, 2025
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Sample QuestionWhat is the Greek word where the word "economy" comes from? This word means "one who manages a household."
Test your knowledge with this quiz based on externalities in chapter 10 of the book 'Economics' - Mankiw and Taylor.
Questions: 11 | Attempts: 4870 | Last updated: Oct 3, 2025
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Sample QuestionAn externality is:
When it comes to the world of economics the most important thing to do is to meet the supply in the market while maximizing profits or income. Economic systems as we learned are the means through which governments distribute...
Questions: 7 | Attempts: 377 | Last updated: Mar 20, 2025
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Sample QuestionWhich is NOT a basic question of an economic system according to the text?
A review of savings and budgeting concepts for Eastside Prep Personal Finance course. Good luck!
Questions: 25 | Attempts: 158 | Last updated: Aug 22, 2025
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Sample QuestionWhat is the correct order of the steps needed to make good financial decisions?
As an economist, you must have a good understanding of some microeconomics and macroeconomics concepts. Studying economics offers one an idea of how economic phenomena occur; how economic performance might improve and the factors...
Questions: 10 | Attempts: 292 | Last updated: Mar 20, 2025
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Sample QuestionMitch has $100 to spend and wants to buy either a new amplifier for his guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that
This quiz explores the dramatic changes in the job market from 1999 to 2003, focusing on the impact on new graduates. It assesses knowledge of industry trends, job prospects for specific majors, and key terms related to early...
Questions: 10 | Attempts: 84 | Last updated: Oct 21, 2025
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Sample QuestionThe main idea of this story is that
This Econ Final Exam Practice Quiz assesses understanding of economic principles, focusing on scarcity, market requirements, and differences between microeconomics and macroeconomics. It's designed to prepare students for final...
Questions: 225 | Attempts: 876 | Last updated: Feb 2, 2025
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Sample QuestionScarcity is
This quiz covers 3 economic systems and the economists most associated with them. It covers the freedom index that rates the freedom of economies around the world and the characteristics of American Free enterprise.
Questions: 30 | Attempts: 866 | Last updated: Mar 22, 2025
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Sample QuestionAdam Smith’s idea that competition and a person’s self-interest would regulate the economy without the need for government intervention.
Do you know anything about microeconomics, and do you think you can pass this quiz? Microeconomics is a branch of economics that studies people's behavior in making decisions concerning the distribution of scarce resources...
Questions: 33 | Attempts: 168 | Last updated: Mar 20, 2025
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Sample QuestionA good definition of short-run?
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