7th Grade Microeconomics Quizzes, Questions & Answers
Popular Microeconomics Topics
Top Trending Microeconomics Quizzes
Explore different economic systems through 'What kind of Economy am I?' quiz. Identify characteristics of market, command, and traditional economies, assessing key concepts like supply and demand, governmental roles, and communal...
Questions: 8 | Attempts: 459 | Last updated: Mar 21, 2025
-
Sample Question 1The expression "supply and demand" reflects what kind of economy?
-
Sample Question 2In a command economy prices for goods and services are set by ...
-
Sample Question 3The Native American system of trading game for tools represents what kind of economy?
Recent Microeconomics Quizzes
This Basic Economics Quiz assesses key concepts such as free goods, economic goods, macroeconomics, and microeconomics. It also covers foundational theories like the Law of Diminishing Marginal Returns, making it ideal for...
Questions: 10 | Attempts: 512 | Last updated: Mar 21, 2025
-
Sample QuestionMan get it free in natural form:
TEST DESCRIPTION
Total No. of Questions = 10
Test Duration = 15 minutes
Total Marks = 40
Negative Marking = YES
(1 mark will be deducted for each wrong answered question
Questions: 10 | Attempts: 4270 | Last updated: Oct 22, 2025
-
Sample QuestionWhen a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
In our economic system we have three main resources that are combined into goods and services. In this quiz we will test the users knowledge of the importance of scarcity of resoures in economics and how effectively the various...
Questions: 10 | Attempts: 222 | Last updated: Mar 22, 2025
-
Sample QuestionIn economics we have three main resources that are combined into goods and services, these are;
Explore key economic concepts in 'Economy - Chapter 2' quiz. Understand different economic systems, factor payments, and market influences through targeted questions designed to enhance knowledge and analytical skills in...
Questions: 10 | Attempts: 340 | Last updated: Mar 21, 2025
-
Sample QuestionWhat is the economic system?
This quiz, titled 'Chapter 5- Canada's Mixed Economy', explores the intricacies of economic systems, focusing on mixed economies, revenue collection, and consumer behavior in Canada. It assesses understanding of tertiary sectors...
Questions: 25 | Attempts: 74 | Last updated: Jun 20, 2025
-
Sample Questionwhat is a revenue collection?
Play our online quiz on the basics of economics and test your knowledge about the most important concepts include the three types of wealth, what is described as a factor of production, the establishment of goods and services...
Questions: 10 | Attempts: 453 | Last updated: Mar 22, 2025
-
Sample QuestionWhich of the following are referred to as a factor of production?
This quiz is so awesome. You should take it to find out if you are dumb or not.
Questions: 10 | Attempts: 62 | Last updated: Jun 1, 2025
-
Sample QuestionWhat are you?
How well do you know economics vocabulary? Could you pass this quiz? The following are exemplars of the terminology used in economics. In economics, scarcity refers to the state of not having enough of something. Goods are...
Questions: 11 | Attempts: 473 | Last updated: Mar 21, 2025
-
Sample QuestionMoney paid to an employee.
So, would you like to take some scarcity quiz questions and answers? Do you fancy yourself knowledgeable in economics and all matters of finance and money? Are you aware of what the term scarcity means? Take this quiz to find out...
Questions: 10 | Attempts: 7251 | Last updated: Aug 19, 2025
-
Sample QuestionWhat is scarcity?
Advertisement