Microeconomics Quizzes, Questions & Answers
Recent Microeconomics Quizzes
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.
Economics is a study in which we get to identify how unlimited wants can be met when it comes to very limited resources. This means that people have to make choices on directions to take based on the returns they may garner. Take...
Questions: 21 | Attempts: 1337 | Last updated: Jul 22, 2025
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Sample QuestionTrade between nations is known as......
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: 4233 | Last updated: Oct 22, 2025
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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%?
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: 5398 | Last updated: Jan 11, 2025
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Sample QuestionMicroeconomics focuses on ...................................... .
Challenge your understanding of microeconomics with 'The Ultimate Microeconomics Knowledge Test!' Explore key concepts like long-run and short-run periods, marginal product, economic profit, and the law of diminishing marginal...
Questions: 50 | Attempts: 262 | Last updated: Mar 21, 2025
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Sample QuestionThe long run is a perdiod during which:
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