Economics Quizzes, Questions & Answers
Recent Quizzes
Choose the best term to match the definition. This is for practice only. Results are not graded. You may take this quiz as often as you wish.
Questions: 20 | Attempts: 186 | Last updated: Mar 20, 2023
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Sample QuestionThe amount of goods and services in the economy.
fundamentals of economics
Questions: 17 | Attempts: 197 | Last updated: Mar 20, 2023
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Sample Questionmore supply and less demand _______ market equilibrium price
In the following quiz we’re going to take a look at the social science we know as economics, the study by which we are able to look at the production, distribution, and consumption of goods and services on a small...
Questions: 10 | Attempts: 1909 | Last updated: Jul 15, 2024
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Sample Question_____________ is a something we need to survive.
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: 39781 | Last updated: Aug 19, 2024
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Sample QuestionWhat is the financial gain made in transactions?
There are a lot of terms that are used regularly when it comes to economics and students are expected to know them by heart and use them when they go to practice in the different sectors, they will land in. Do you think you can...
Questions: 20 | Attempts: 2269 | Last updated: Mar 22, 2023
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Sample QuestionA person that combines land, labor, and capital to start a business
Do you understand marginal costing well? Take this ultimate quiz on marginal costing, and see how well you understand the concept. The marginal cost actually is the change in the total cost that comes up when the quantity...
Questions: 20 | Attempts: 876 | Last updated: Aug 26, 2023
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Sample QuestionExisting sales are Rs.1,00,000 (500 units), variable costs are Rs. 60000, fixed costs are Rs. 24000 . If the selling price is reduced by 10%which of the following is the break-even sales quantity
Economics Introduction Quiz
Questions: 8 | Attempts: 279 | Last updated: Mar 22, 2023
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Sample QuestionWhat is Economics?
The Leaving Certificate examinations are an incredibly important part of an Irish student’s life, as they will determine what your academic scope is with regards to how likely you are to get the college course of your...
Questions: 20 | Attempts: 8050 | Last updated: Aug 24, 2024
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Sample QuestionWhat proteins are found in milk?
Economic Reforms
Questions: 20 | Attempts: 137 | Last updated: Apr 8, 2024
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Sample QuestionWhat event indicated the start of the Reforms in China in 1977?
As an economist, you must have a good understanding of some microeconomics and macroeconomics concepts. Studying economics offers one an idea of how economic phenomena occur; how economic performance might improve and the factors...
Questions: 10 | Attempts: 252 | Last updated: Mar 20, 2023
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Sample QuestionMitch has $100 to spend and wants to buy either a new amplifier for his guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that
Questions: 40 | Attempts: 289 | Last updated: Nov 5, 2024
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Sample QuestionFinance Charge
Quiz set for the course of professor Tajoli, part 1: globalization, balance of payments.
May your balance of trade be always equal to zero.
Questions: 9 | Attempts: 623 | Last updated: Mar 20, 2023
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Sample QuestionWhich of the following country will probably have a LOW degree of openness?
Questions: 225 | Attempts: 767 | Last updated: Feb 2, 2024
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Sample QuestionScarcity is
Questions: 25 | Attempts: 71 | Last updated: Jun 20, 2023
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Sample Questionwhat is a revenue collection?
IB Economics HL. Definitions QUIZ. Section 4. International economics.
Questions: 37 | Attempts: 155 | Last updated: Oct 16, 2024
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Sample QuestionThe actual number of goods and services in and out of your country is known as a country's ...
This quiz covers 3 economic systems and the economists most associated with them. It covers the freedom index that rates the freedom of economies around the world and the characteristics of American Free enterprise.
Questions: 30 | Attempts: 863 | Last updated: Mar 22, 2023
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Sample QuestionAdam Smith’s idea that competition and a person’s self-interest would regulate the economy without the need for government intervention.
The economics paper two is one that students have come to fear more as they have the idea that it is harder than the first. To help you be calmer and get rid of the pre exam jitters making their way to you, we have...
Questions: 10 | Attempts: 143 | Last updated: Aug 8, 2024
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Sample QuestionYou have 60 minutes to write your paper 2. How do you use your time?
Are you an IB Economics? HL student and have just began your classes and now completed Section 1 on Introduction to Economics/ if so then you are in luck as the quiz below is exactly what you need to ensure that you have...
Questions: 11 | Attempts: 297 | Last updated: Mar 21, 2023
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Sample QuestionWhen a good is considered abundant, it is said to be a ...
Take our quiz to help you learn about economic policy! Read chapters 12 to 15 of Case, Fair, and Oster's 'Principlies of Economics' and answer the following questions.The aim of this quiz is to help EC1040 students with their...
Questions: 23 | Attempts: 458 | Last updated: Mar 22, 2023
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Sample QuestionMonopoly occurs when there is a single in the market of a certain good?
The end of year finals is just around the corner, and it is quite important for you to ensure that you have a proper understanding on all the things that we have covered both in geography and history class. Do you think that you...
Questions: 10 | Attempts: 428 | Last updated: Mar 15, 2023
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Sample QuestionA person who uses tools like maps, direction, latitude and longitude is called a _________.
Welcome to the Trivia Questions Test on Economics. The quiz will test your understanding of the business environment and the different factors that affect the growth of a business based on what you study in your economics...
Questions: 10 | Attempts: 271 | Last updated: Mar 22, 2023
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Sample QuestionThe need to make choices arises because
In life, when you pass through what people consider to be a difficult situation, there is a little chance that most situations may be a challenge for you. The quiz below is one of the toughest economic exam quizzes that I have...
Questions: 50 | Attempts: 625 | Last updated: Sep 3, 2024
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Sample QuestionWhen a given percent change in price generates a LARGER percent change in the quantity demanded:
Review of Chapters 12-17 in "Principles of Macroeconomics."
Questions: 20 | Attempts: 142 | Last updated: Aug 9, 2024
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Sample QuestionAfter the Great Depression of the 1930's and particularly since World War II until the 1970's, the ideas of the ____ school became conventional wisdom.
A review of Chapters 7-12 of "Principles of Macroeconomics."
Questions: 20 | Attempts: 162 | Last updated: Mar 21, 2023
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Sample QuestionSpending by consumers on consumption goods, spending by businesses on investment goods, spending by government and spending by foreigners on net exports make up
The Trade Finance Quiz is designed to test your knowledge of key concepts in international trade finance. This quiz covers important topics such as letters of credit, trade loans, payment methods, and trade documentation. You...
Questions: 10 | Attempts: 182 | Last updated: Jun 21, 2024
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Sample QuestionWhat is the primary purpose of a letter of credit in trade finance?
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