Microeconomics Quizzes, Questions & Answers

Our newest quiz is about that part of economics that studies the behavior of individuals and small players on the market. If you’ve studied it in college then there is no way you cannot get to the bottom of it. Read More

Microeconomics Quizzes By Grade

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Top Trending Microeconomics Quizzes

Production Possibilities Curve MCQ Quiz Questions And Answers

Do you know about the production possibility curve? To test your knowledge, take this MCQ on Production Possibilities Curve quiz. The PPC or production possibility curve/frontier is a presumptive depiction of the different...

Questions: 10 | Attempts: 30360 | Last updated: Mar 12, 2025

Sample Question
Which of the following best describes the three fundamental economic questions?

What to produce, when to produce, and where to produce

What time to produce, what place to produce, and how to produce

What to produce, when to produce, and for whom to produce

What to produce, how to produce, and for whom to produce

Opportunity Cost Economics Quiz

Dive into the fascinating world of economics with our Opportunity Cost Quiz! Delve into the core concept of opportunity cost, where every decision involves sacrificing alternatives. Whether you're an aspiring economist or a...

Questions: 15 | Attempts: 4651 | Last updated: Dec 22, 2023

Sample Question
If a business invests in research and development instead of marketing, the potential increase in sales from marketing is the:

Direct cost

Opportunity cost

Marginal cost

Fixed cost

Microeconomics Knowledge Test! Practice Quiz! Trivia

If you are an economics student, then you must know that economics is all about supply, demand, and maximizing income, be it in a business or a country. Have you been having a hard time revising for your microeconomics course...

Questions: 10 | Attempts: 36496 | Last updated: Sep 9, 2024

Sample Question
What Microeconomics is about?

Study of Business Environment.

Study of financial position of the economy.

Study of the Economy at Micro Level.

None of the above.

An Introduction To Microeconomics Quiz!

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: 5375 | Last updated: Jan 11, 2024

Sample Question
Microeconomics focuses on ...................................... .

Issues such as economics growth, inflation and unemployment

The working of the whole economy

Factors that affect the total demand for goods and services

The behavior of individuals and organizations towards scarce resources

A Microeconomics Quiz On Supply And Demand

In the study of business and microeconomics, you’ll come across the terms “supply and demand” fairly often. It’s the concept by which we judge how much of a particular good or service the market can...

Questions: 35 | Attempts: 5640 | Last updated: Dec 12, 2023

Sample Question
A perfectly competitive market consists of products that are all slightly different from one another

True

False

Popular Microeconomics Quizzes

Economics Quiz: Test On Microeconomics! Trivia

Economics Quiz: Test on Microeconomics! Trivia

Microeconomics is a division of economics that studies individuals' and firms' behavior in making decisions regarding the distribution of scarce resources and the interactions among these entities and corporations. The...

Questions: 10 | Attempts: 11381 | Last updated: Mar 22, 2023

Sample Question
If the demand curve for good X is downward-sloping, an increase in the price will result in

An increase in the demand for good X.

A decrease in the demand for good X.

No change in the quantity demanded for good X.

A larger quantity demanded for good X.

A smaller quantity demanded for good X.

Recent Microeconomics Quizzes