Economics Quizzes, Questions & Answers

All Grades

Microeconomics Quizzes

Demand and Supply Consumer Behavior Production Theory Cost Theory Market Structure Price Determination Elasticity Concepts Game Theory Market Failure Welfare Analysis

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 u...

Questions: 9 | Attempts: 14281 | 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.

Economic System Quiz: Trivia Exam!

Do you know what the economy is? Have you ever imagine how it works? The economic system refers to production, allocating resources, and focusing on the distribution of goods and s...

Questions: 27 | Attempts: 9374 | Last updated: Jan 21, 2025

Sample Question
What are the limitations of a Free enterprise system?

High taxation and less incentive to work hard

Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products

Restrictions on personal freedoms

There are no limitations

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, w...

Questions: 25 | Attempts: 8700 | 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

Macroeconomics Quizzes

National Income Aggregate Demand Aggregate Supply Money and Banking Policy Mix and Coordination Fiscal Policy Inflation and Deflation Unemployment Trends Economic Growth Business Cycles Balance Of Payments and Macroeconomic Impact Exchange Rate and Macroeconomic Impact

Macroeconomics Practice Quiz questions and answers

Are you looking for practice material for an upcoming assignment or test in macroeconomics? Check out these macroeconomics practice quiz questions and answers and test your knowled...

Questions: 10 | Attempts: 30506 | Last updated: Oct 13, 2025

Sample Question
Diffrence between Real and Nominal GDP is:

Measured by excluding some of the sectors

That real GDP is always smaller than Nominal GDP.

Change in price level from base year to current year.

None of the above.

Keynesian v. New Classical Economics

Please remember that you only have until 11:59 pm on Sunday night. Take your time and feel free to use your notes. Good Luck!!

Questions: 19 | Attempts: 1130 | Last updated: Mar 21, 2025

Sample Question
According to which macroeconomic theory is decreasing taxes and increasing government spending a sound policy to recover from a recession?

New Classical

Keynesian

Monetarist

Rational Expectation

Kaun Banega Crorepati: Economy Quiz Set - 2

Kaun Banega Crorepati: Economy Quiz Set - 2 tests knowledge on various economic indicators like auto sales, foreign tourist arrivals, and World Trade growth forecasts. It assesses ...

Questions: 9 | Attempts: 796 | Last updated: Mar 20, 2025

Sample Question
As per the Society of Indian Automobile Manufacturers (SIAM) with what percent the auto Sales in India was dropped, hitting a 10 year lowest sales percentage?

6.7 %

3.9 %

2.5 %

4.3 %

International Economics Quizzes

Trade Theory Trade Policy Terms Of Trade Tariffs and Quotas Non Tariff Barriers Economic Integration International Institutions Balance Of Payments Exchange Rates Foreign Exchange Market International Capital Flows Open Economy Models International Monetary System

Questions Relating to ASEAN

ASEAN is a grouping of 10 South East Asian nations. Play this informative quiz to see how well you know about it. The ASEAN has created a template for economic cooperation that the...

Questions: 10 | Attempts: 3795 | Last updated: May 23, 2025

Sample Question
ASEAN is the Association of ________________.

North-East Asia

South-East Asia

North Asia

South Asia

How Much Do You Know About Currencies?

What is the only country on earth without coins? How much do you know about the currencies used all over the world? The quiz below will test your knowledge about the same. Generall...

Questions: 178 | Attempts: 2398 | Last updated: May 09, 2025

Sample Question
Which is the only country on earth without coins?

Laos

Brazil

Argentina

India

List of BRICS summits trivia Quiz

Explore the history and details of BRICS summits in this engaging trivia quiz. Test your knowledge on the inception, membership, and host nations of BRICS, focusing on key summits ...

Questions: 5 | Attempts: 850 | Last updated: Mar 17, 2025

Sample Question
The 1st BRICS summit was held in which one of the following years?

2010

2009

2011

2008

Monetary Economics Quizzes

Money Supply Money Demand Banking System Central Bank Monetary Policy Interest Rates Process Of Credit Creation Financial Institutions Monetary Transmission

Unit 6 - Money

Fill in the gaps with the correct verb, in the correct tense and form. These are the options: (not) earn inherit borrow lend invest waste pay&nb...

Questions: 6 | Attempts: 145 | Last updated: Mar 21, 2025

Sample Question
When I was younger, I [Blank] some money in Nokia. It was a really good idea because the company has been very successful, and I have made a lot of money. owe - withdraw - earn - inherit - invest - borrow - pay - waste - lend

Invested

final review chapter 9,11,14

This is a set of questions to review chapter 9,11, 14 for economics final exam

Questions: 30 | Attempts: 136 | Last updated: Jul 22, 2025

Sample Question
The FED is responsible for all of the following EXCEPT

Holding companies

Margin requirements

Check clearing

Credit unions

How well do you know about the types of money?

Money fuels all economic activities. Play this informative quiz to see how well you know about the types of money. Money is of various kinds; almost every country has its own curre...

Questions: 10 | Attempts: 107 | Last updated: Oct 16, 2025

Sample Question
The money that has legal backing is called

Credit

Fiat money

Currency

None of the above

Public Economics Quizzes

Economical Public Finance Economical Taxation Theory Government Expenditure Fiscal Policy and Public Finance Classification Of Public Debt Budget and Deficit Theory Of Public Goods Government Policies On Externalities Welfare Economics Income Distribution

Public Goods and Common Resources

This quiz focuses on the concepts of public goods and common resources, exploring properties like excludability and rivalry, and the role of government in providing public goods. I...

Questions: 8 | Attempts: 2014 | Last updated: May 05, 2025

Sample Question
The property of a good whereby a person can be prevented from using it when they don't pay for it.

Rivalry

Natural Monopoly

Excludibility

Externality

The US Economy: Private and Public Sectors Quiz

The private sector is part of a country's economic system that is run by individuals and companies. In a good business economy, the public sector should not suffocate private s...

Questions: 30 | Attempts: 812 | Last updated: Mar 22, 2025

Sample Question
The personal distribution of income describes the manner in which society's total personal income is divided among wages and salaries, corporate profits, proprietors' income, interest, and rents.

True

False

Canadian Immigration and Economics Practice Quiz

This test will be made up of concepts such as: -immigration -refugee -the Immigration and Refugee Act -Immigration Law -Immigration Policy -Provincial Nomination Program -Mi...

Questions: 20 | Attempts: 715 | Last updated: Jun 22, 2025

Sample Question
Define "Labour Force":

A group of employed workers

People who are working as slaves

A working group made up of immigrants

A working group made up of refugees

Econometrics and Data Analysis Quizzes

Economic Data Types Economic Data Sources Descriptive Statistics Probability Concepts In Econometrics Sampling Techniques Econometric Hypothesis Testing Regression Analysis Model Estimation Time Series Models Forecasting Methods

Do you know how to use Econometrics?

Economics is based on the power of demand and supply. It is a necessary arsenal for understanding market flows and movement. Various laws and theories are put into action, but thei...

Questions: 10 | Attempts: 578 | Last updated: Mar 21, 2025

Sample Question
Who coined the term "econometrics"?

Isaac Freud

Jan Tinbergen

Ragnar Fisch

Pawel Ciompa

Quiz 4A Technology and Tech Farming

Quiz 4A Technology and Tech Farming explores essential aspects of technology management in economic contexts, focusing on strategic tech acquisition and selling. It assesses knowle...

Questions: 10 | Attempts: 220 | Last updated: Mar 19, 2025

Sample Question
How much technology do you need to buy Tanks?

1

5

10

15

Financial Economics and Markets Quizzes

Financial System Money Market Capital Market Bond Market Stock Market Foreign Exchange Financial Instruments Risk and Return Portfolio Theory Market Efficiency

What Do You Know About Bitcoin Quiz

Bitcoin is a cryptocurrency that has gained popularity over the years as a mode of investment where one can double their money instantly without breaking a sweat. People have been ...

Questions: 10 | Attempts: 10522 | Last updated: Mar 21, 2025

Sample Question
Who is the founder of bitcoin?

Satoshi Nakamoto

Lee Ho

Sanisa Meenho

Toshia Nikes

Financial Literacy Trivia Quiz: How much you know?

How much do you understand about financial literacy? Financial literacy involves a certain kind of wisdom that comes along with practice. As far as this quiz goes, you must underst...

Questions: 24 | Attempts: 10091 | Last updated: Mar 22, 2025

Sample Question
An average career will last approximately how many hours if you work for 43 years?

86,000 hours

1 million hours

8,600 hours

860 hours

Business IQ - Test Your Finance, Vocabulary, Investing Knoweldge

This will test your knowledge of finance, investing, financial vocabulary, business, companies and economics. It will then rank you into 1 of 5 tiers of business knowledge.

Questions: 30 | Attempts: 5088 | Last updated: Mar 22, 2025

Sample Question
Junk bond king.

John Gutfreund

Michael Milken

John Meriweather

Ivan Boesky

Development Economics Quizzes

Economic Growth Theories Poverty and Inequality Human Capital Structural Change Trade and Development Finance and Development Institutions and Governance Sustainable Economic Development

The Ultimate Trivia Quiz on Economic and Social Development

Different factors affect the economic status of a country or individual, and one of the most common is the political environment and inflation as a whole. Over the past few weeks, ...

Questions: 10 | Attempts: 31520 | Last updated: Mar 22, 2025

Sample Question
"Inflation increases the average level of prices". What does this statement refers to? 1. The price of commodities exceeds income 2. In real terms, the Money supply grows at a higher rate than the Gross Domestic ProductSelect the correct answer

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Informational Trivia Quiz: Economic and Social Development

Every economic student knows the importance of having a well-structured development program and the different ways in which they can make it successful. Over the past week, we have...

Questions: 10 | Attempts: 4722 | Last updated: Sep 22, 2025

Sample Question
Among the following, which is not a cause for the recent rapid increase in global food prices?

Shoot in crude oil prices

Augmented demand from developing countries

Change of food grains to bio-fuel

Attack of pest

Group A: Bottom of the Pyramid OTS Review Quiz

Hi All, This is a quick quiz to test your knowledge on how well you know about the Bottom of the Pyramid. Don't stress though, because we give you the answers and feedback at ...

Questions: 11 | Attempts: 4415 | Last updated: Mar 21, 2025

Sample Question
The expression “Bottom of the Pyramid” refers to:

Those buildings in Egypt

The lowest income earners of the global society

The foundations of innovation

The lowest tier of management in an organisation

Environmental and Resource Economics Quizzes

Pollution Control Economics Environmental Valuation Economic Cost Benefit Analysis Market Instruments In Economics Climate Change Economics Resource Management Economics Renewable Resource Economics Nonrenewable Resource Economics Water Resource Economics Biodiversity Economics

Societal Impact Quiz

Do you understand the effects of our actions on society? Take our Societal Impact Quiz to explore the profound influences that policies, technologies, and individual behaviors have...

Questions: 10 | Attempts: 5202 | Last updated: Aug 20, 2025

Sample Question
What effect does recycling have on waste reduction?

Minimal

Significant

No impact

Negative

Fair Trade and Chocolate

Explore the ethical concerns in the chocolate industry with our 'Fair Trade and Chocolate' quiz. Assess your knowledge on cocoa producing countries, fair trade certification, and c...

Questions: 29 | Attempts: 387 | Last updated: Feb 22, 2025

Sample Question
What are two major cocoa producing countries?

Cote D'Ivoire and Togo

Togo and South Africa

Mali and Cote D'Ivoire

Cote D'Ivoire and Ghana

Hidden EP Quiz No.10

Hidden EP Quiz No.10 explores key economic concepts like shadow prices, opportunity costs, and externalities, alongside project management stages like problem analysis and project ...

Questions: 52 | Attempts: 316 | Last updated: Apr 15, 2025

Sample Question
"Financial Analysis" uses fair market prices while "Economic Analysis" uses --

Factory prices

Shadow prices

Nominal prices

Deflationary and inflationary prices

Top Trending Economics Quizzes

Economics Practice Test Questions and Answers

Hey, do you think yourself an economics expert? If yes, then here's a challenge for you. Take this Economics practice test quiz and see if you can score more than 80% on it. Economics is a very interesting subject. It helps...

Questions: 20 | Attempts: 46864 | Last updated: Aug 18, 2025

Sample Question
What is the financial gain made in transactions?

Profit

Resource

Scarcity

Wage

Soal Latihan Ips Untuk Kelas 4 Sd Semester 2

This educational quiz is designed for 4th grade students studying Indonesian social studies in the second semester, focusing on natural resources and economic activities.

Questions: 10 | Attempts: 9571 | Last updated: Mar 22, 2025

Sample Question
Sumber daya alam merupakan anugerah Tuhan YME kepada manusia untuk ....

Dihabiskan

Dimanfaatkan sebaik - baiknya

Dibiarkan begitu saja

Disimpan agar awet

Personal Finance For Highschool Students Quiz

How good is your knowledge of personal finances? Take this personal finance for high school students quiz to see how much you know. Personal finance is basically the financial management that a person performs to spend monetary...

Questions: 10 | Attempts: 2471 | Last updated: Aug 16, 2025

Sample Question
A percentage paid to a lender for the use of borrowed money is called

Credit

Debit

Loan

Interest

General Economics Quiz Questions With Answers

This is a general economics quiz questions with answers for all the students who are preparing for competitive exams. If you're one of them, then play it out. Economics is a branch of social science that deals with goods...

Questions: 10 | Attempts: 3021 | Last updated: Apr 9, 2025

Sample Question
What year did Sir Ragnar Frisch coin the terms micro and macro economics?

1933

1994

1995

1996

Chapter1 Economics Practice Test? Quiz!

You might have absolutely no idea what the social science of economics even covers, never mind how it is studied, analyzed and put into practice. That’s completely fine, however, as your presence here shows us that you have...

Questions: 8 | Attempts: 2810 | Last updated: Mar 22, 2025

Sample Question
What does TINSTAAFL stand for?

There Is No Such Thing As A Free Lunch

That Is Not So True All Allies Fall Long

This Is Not So Tall All Aliens Freely Launch

There Is No Such Thing As A Free Lobster

Popular Economics Quizzes

Test Your Banking Skills: Commerce Quiz Questions With Answers

Questions: 20 | Attempts: 23038 | Last updated: Feb 22, 2025

Sample Question
Which bank was formed under the royal order?

Bank of Venice

State Bank of Pakistan

Bank of Barcelona

Chartered Bank of England

Principles Of Economics Pretest: Quiz!

Questions: 19 | Attempts: 14272 | Last updated: Mar 22, 2025

Sample Question
For most people, the largest protion of their personal income comes from:

Rent paid to them on their property

Interest on stocks and bonds

Wages and salries from their jobs

The federal and state governments.

An Advance Level Test: What's Your Economic IQ?

Questions: 72 | Attempts: 12934 | Last updated: Feb 15, 2025

Sample Question
What is Economics?

The study of how people try to satisfy what appears to be seemingly unlimited and competing for wants through the careful use of relatively scarce resources

Employment, gross domestic product, inflation, economic growth, and the distribution of income

Deals with behavior and decision making by small units, such as individuals and firms

A rise in the general level of prices occurs, workers need more money to pay for good clothing and shelter

IBPS RRB (Group A Officers) Exam 2012 Question Paper: General Awareness

Questions: 50 | Attempts: 9514 | Last updated: May 1, 2025

Sample Question
Major producer of mulberry silk in India is

Jammu and Kashmir

Jharkhand

Karnataka

Assam

Himachal Pradesh

Recent Economics Quizzes