Economics Quizzes, Questions & Answers
Recent Quizzes
This is a quiz based off of some very standard economic basics
Questions: 76 | Attempts: 508 | Last updated: Jan 12, 2024
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Sample QuestionWhat is Economics?
A refresher for the upcoming test for Economics
Questions: 40 | Attempts: 308 | Last updated: Mar 22, 2023
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Sample QuestionEconomics is the study of the allocation of free goods.
The quiz below is based on chapter 14 from economics on Taxes and government spending. We know that the major way in which a government obtains revenue from its citizens is through taxation and this being said there are a set of...
Questions: 40 | Attempts: 844 | Last updated: Mar 21, 2023
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Sample Question(of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject
Questions: 10 | Attempts: 4001 | Last updated: Mar 21, 2023
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Sample QuestionNational Income is otherwise called
In Economics, we believe that utility is the amount of satisfaction that a good or service brings. The quiz below tests and advances your knowledge on the different aspects of economics, which include price and utility.
Questions: 39 | Attempts: 152 | Last updated: Aug 16, 2024
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Sample QuestionThe difference between the highest price a consumer is willing to pay for a good and the price the consumer actually pays is called
Economics Test for FISH Homeschool Group. Covers: How Economists Think, Division of Labor, Supply & Demand, Price Floors & Ceilings, and Elasticity.
Questions: 15 | Attempts: 257 | Last updated: Mar 21, 2023
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Sample QuestionWhat "miracle" is involved in the making of pencils, according to Leonard E. Read?
Questions: 20 | Attempts: 263 | Last updated: Mar 21, 2023
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Sample QuestionWho was the president of the United States during the Depression of 1893?
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: 1321 | Last updated: Jul 24, 2024
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Sample QuestionTrade between nations is known as......
You are able to use your notes for a maximum score of a C. Let me know as I go around if you are planning on using notes.
Questions: 29 | Attempts: 658 | Last updated: Mar 21, 2023
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Sample QuestionEconomists believe that the fundamental economic problem is that we have limited quantities to meet unlimited wants and that is the reason we have to make choices. This is due to:
Questions: 10 | Attempts: 129 | Last updated: Apr 16, 2024
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Sample QuestionWhat type of question is a pragmatic randomized controlled clinical trial intended to answer?
Questions: 25 | Attempts: 585 | Last updated: Mar 22, 2023
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Sample QuestionChoice is an important element in the basic economic problem because
Study
Questions: 48 | Attempts: 260 | Last updated: Mar 21, 2023
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Sample QuestionWhen diseconomies of scale occur?
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Questions: 35 | Attempts: 2069 | Last updated: Mar 22, 2023
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Sample QuestionWhich of these situations describes scarcity?
Think you are an expert in Economics? Can you ace this economics exam? This quiz is an excellent tool to prove your knowledge and use for practice. Economics is the study or practice of how people interact with value. The...
Questions: 26 | Attempts: 160 | Last updated: Mar 21, 2023
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Sample QuestionWhich of the following statements is true about scarcity?
This is the second part of your final. Make sure your eyes are on your own screen.
Questions: 40 | Attempts: 139 | Last updated: Feb 5, 2024
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Sample QuestionA tax as a percentage of income increases as income increases
Questions: 150 | Attempts: 150 | Last updated: Aug 19, 2024
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Sample QuestionWhich of the following is true?
Welcome to chapter two of our ongoing analysis on the social science of economics, the study which looks at how economic agents behave and interact with one another, and how economies work in general. There are some key questions...
Questions: 6 | Attempts: 1747 | Last updated: Nov 17, 2023
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Sample QuestionEach society determines who will consume what is produced based on
Welcome to the trivia quiz on production possibility curve.In our economy class we got to learn more about how to maximize output between two products using the limited resources.Take up the quiz below and get to see just how...
Questions: 8 | Attempts: 1626 | Last updated: Mar 22, 2023
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Sample QuestionA production possibilities curve shows the relationship between the production of
GDP is the total economic happening within the economic territory of the country. It is measured at macro levels. This quiz on GDP and GNP will test your knowledge about these macro indicators used for economic activity...
Questions: 10 | Attempts: 2301 | Last updated: Sep 9, 2024
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Sample QuestionBuying a brand new car from a ford dealership in Kalamazoo.
This quiz will be over sections 1 and 2 in chapter 3
Questions: 10 | Attempts: 300 | Last updated: Mar 20, 2023
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Sample QuestionThe law of demand states that an increase in a good's price causes a decrease in the quantity demanded and that a decrease in price causes an increase in the quantity demanded?
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: 7779 | Last updated: Jun 17, 2024
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Sample QuestionWhat does the term capital mean?
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: 138 | Last updated: Aug 1, 2024
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Sample QuestionWhich economic system best describes the United States economic system?
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: 531 | Last updated: Mar 20, 2023
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Sample QuestionPerfect competition is defined as market structure in which:
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: 2214 | Last updated: Nov 17, 2023
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Sample QuestionWhich of the following is a characteristic of economies of scale?
Questions: 20 | Attempts: 485 | Last updated: Mar 21, 2023
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Sample QuestionIn 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.
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