12th Grade Microeconomics Quizzes, Questions & Answers
Recent Microeconomics Quizzes
This Economics Final Study Guide Quiz assesses understanding of fundamental economic concepts including needs vs. wants, consumer roles, macroeconomic indicators, and historical economic theories by Adam Smith. It's designed to...
Questions: 50 | Attempts: 122 | Last updated: Jun 7, 2025
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Sample QuestionWhich is not considered a need?
Explore key concepts of production and cost in microeconomics through this engaging quiz. Assess your understanding of economic vs. accounting costs, decision-making in selling assets, and the impact of costs on production...
Questions: 30 | Attempts: 492 | Last updated: Mar 21, 2025
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Sample QuestionFarmer Jones bought his farm for $75,000 in 1980 and wants to sell it. Today the farm is worth $500,000, and the interest rate is 10 percent. ABC Corporation has offered to buy the farm today for $510,000 and XYZ Corporation has offered to buy the farm for $540,000 one year from now. Farmer Jones could earn a net profit of $15,000 (over and above all of his expenses) if he farms the land this year. What should he do
Take this interesting quiz and find out how much do you know about budgets?
Questions: 21 | Attempts: 1358 | Last updated: Mar 22, 2025
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Sample QuestionBudgeting is the
Step up your business acumen with our Economic Analysis for Business Decisions Quiz! This comprehensive quiz is designed to test your understanding of the key economic principles and analytical tools essential for making...
Questions: 20 | Attempts: 146 | Last updated: Jul 3, 2025
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Sample QuestionIn free enterprise economy basic economic problems are solved with the help of
Ned: "I am so anxious about this econ quiz, I completely forgot to study"
Homer: "Are you kidding? Bring it on, I'm ready for this thing"
DIRECTIONS:
In the introductory unit of our...
Questions: 38 | Attempts: 130 | Last updated: Feb 2, 2025
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Sample QuestionWhich type of student has the lowest opportunity cost when making a decision to study for an exam?
This advanced level Austrian School of Economics quiz assesses knowledge on key economists, economic theories, and concepts like inflation, business cycles, and capital theory. It's designed for learners looking to deepen their...
Questions: 10 | Attempts: 2953 | Last updated: Mar 22, 2025
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Sample QuestionChoose the correct chronological order of Austrian economist
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: 4581 | Last updated: Mar 22, 2025
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: 5328 | Last updated: Mar 22, 2025
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Sample QuestionTotal revenue equals the quantity of output the firm produces times the price at which it sells its output.
Exams are the most cricual part of our learning phase, expecially when it is for subject like Economics. Some would agree that economics is challenging at best. If you don’t think so, this quiz can change your mind. For...
Questions: 70 | Attempts: 1182 | Last updated: Mar 22, 2025
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Sample QuestionWhat is Economics?
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
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Sample QuestionEconomics is the study of the allocation of free goods.
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