10th Grade Microeconomics Quizzes, Questions & Answers
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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: 27917 | Last updated: Sep 17, 2024
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Sample QuestionWhich of the following best describes the three fundamental economic questions?
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: 5553 | Last updated: Dec 12, 2023
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Sample QuestionA perfectly competitive market consists of products that are all slightly different from one another
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: 11314 | Last updated: Mar 21, 2023
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Sample QuestionIf the demand curve for good X is downward-sloping, an increase in the price will result in
Questions: 51 | Attempts: 193 | Last updated: Mar 21, 2023
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Sample QuestionIt studies how individuals, firms, and society choose to combine scarce resources (land, labor, capital, and management) to satisfy unlimited wants and best meet consumer needs.
Taxation affects most of us and each citizen with an income is taxed in most countries. In our microeconomics class we got to understand much about the cost of taxation. How attentive have you been these past few chapters, do...
Questions: 25 | Attempts: 1689 | Last updated: Mar 22, 2023
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Sample QuestionIn general, a tax raises the price the buyers pay, lowers the price the sellers receive, and reduces the quantity sold
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Questions: 21 | Attempts: 1300 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following is NOT an example of the uses of the personal income of a household?
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Questions: 55 | Attempts: 114 | Last updated: Mar 22, 2023
Welcome one, welcome all to the ultimate test in microeconomics – the study that talks economics, which looks at the production, distribution and consumption of goods and services, and fine-tunes it so that we can look at...
Questions: 19 | Attempts: 137 | Last updated: Mar 17, 2023
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Sample QuestionDemand Curve is?
Questions: 20 | Attempts: 188 | Last updated: Mar 17, 2023
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Sample QuestionComparing opportunity costs of production is called what?
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