Economics Quizzes, Questions & Answers

Recent Quizzes

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, with the production, transport, and consumption of...

Questions: 25 | Attempts: 8037 | Last updated: Jun 17, 2024

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

Diaz- Intro To Economics Chapter 2

Diaz- Intro to Economics Chapter 2

This quiz covers the material we have covered in Ch. 2 Upon completion of the quiz you need to begin your Economic analysis paper on the China/Hong Kong relationship.

Questions: 34 | Attempts: 139 | Last updated: Aug 1, 2024

Sample Question
Which economic system best describes the United States economic system?

Laissez faire economy

Mixed market economy

Centrally planned (command) economy

Free market economy

Market Structure Economics Questions! Trivia Quiz

Economics is a tough topic to learn about when you’re starting off, but when you begin to appreciate how we analyze the production, distribution, and consumption of goods and services, whether it’s on a wide or narrow...

Questions: 100 | Attempts: 557 | Last updated: Mar 20, 2023

Sample Question
Perfect competition is defined as market structure in which:

A: there are many small sellers.

B: the product is homogenous.

C: it is very easy for firms to enter or exit the market.

D: all of these.

Scope Of Economics Quiz Questions!

If you’re studying the topic of economics, then you know just how complex the social science of analyzing the production, distribution, and consumption of goods and services can be. That being said, there’s a...

Questions: 18 | Attempts: 2223 | Last updated: Nov 17, 2023

Sample Question
Which of the following is a characteristic of economies of scale?

The average cost declines as output increases

The average cost increases as output increases

The average cost remains constant as output increases

The average costs are cheaper when a firm produces a wider variety of goods

The average cost curve takes the form of a U-shape

Economics Ps 8

Economics PS 8

Questions: 20 | Attempts: 487 | Last updated: Mar 21, 2023

Sample Question
In the IS-LM analysis, the increase in income resulting from a tax cut is usually ______ the increase in income resulting from an equal rise in government spending.

Less than

Greater than

Equal to

Sometimes less and sometimes greater than

Econ 3229 Ch 17

Econ 3229 ch 17

Questions: 19 | Attempts: 124 | Last updated: Mar 20, 2023

Sample Question
1. Each of the following items would appear as assets on the central bank's balance sheet, except:

Loans

Securities

Currency

Foreign exchange reserves

Economics -- Chapter Five

ECONOMiCS -- CHAPTER FiVE

Final april 30, 2012 at 8:00 am

Questions: 15 | Attempts: 227 | Last updated: Mar 21, 2023

Sample Question
Agricultural Products can be modeled best using the model of

Monopolistic competition

Perfect competition

Oligopoly

Monopoly

Economics Quiz: Production, Distribution, And Consumption Of Goods And Services!

Chapter one seemed to go well enough for you, but as we continue to delve deeper into our ongoing studies of economics, you’ll see things start to get a little more complex. Keep at it, however, as this social science will...

Questions: 10 | Attempts: 419 | Last updated: Mar 21, 2023

Sample Question
The supply and demand model examines how prices and quantities are determined:

In markets

By governments

By churches

By monopolists

Introduction To Economics Questions!

It doesn’t matter what topic you’re dealing with, whether it’s something you have a great interest in or something you find boring but thinks will come in handy, everybody starts in the same place when they take...

Questions: 8 | Attempts: 576 | Last updated: Nov 17, 2023

Sample Question
Scarcity implies that the allocation scheme chosen by society can:

Not make more of any one good

Always make more of any good

Typically make more of a good but at the expense of making less of another

Always make more of all goods simultaneously

Hardest Exam On Economics: Quiz!

Hardest Exam on Economics: Quiz!

Can you pass the most challenging exam on economics? For this quiz, you should recognize what public choice refers to, what is a public choice theorist, what tends to happen with the left side in politics, and would a person take...

Questions: 42 | Attempts: 458 | Last updated: Mar 22, 2023

Sample Question
Public choice refers to:

The decisions and decision-making processes that individuals go through to solve public problems.

Political decisions made in the interest of the public at large.

The application of economic principles and tools to public-sector decision making.

The process that individuals undergo to decide what goods and services they will purchase and consume.

The process that individuals undergo to decide whether or not they will pursue a career government service.

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