Microeconomics Quizzes, Questions & Answers

Recent Quizzes

It’s a topic that comes in extremely handy to know about when you work in a business, but even if you don’t, you’re probably engaged in a smaller example of microeconomics while attempting to spend less money at...

Questions: 11 | Attempts: 348 | Last updated: Mar 18, 2023

Sample Question
What is a perfectly elastic demnd?

A condition in which a small percentage change in price bring about a infinite percentage change in quantity demanded.

A condition in which the percentage change in quantity demanded is equal to the percentage change in price

A condition in which the percentage change in quantity demanded is less than the percentage change

A condition in which the percentage change in quantity demanded is greater than the percentage change in price.

None of the above.

The Ultimate Quiz On Microeconomics Theory!

The Ultimate Quiz on Microeconomics Theory!

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: 138 | Last updated: Mar 17, 2023

Sample Question
Demand Curve is?

Is a downward-sloping curve that illustrates the amount of good that consumers plan to purchase at any given price

Is a concept that relates amounts people want to obtain to the sacrifices they must make to obtain these amounts

An additional benefit or cost

On or at the edge

Test Your Knowledge Of Microeconomics With This Quiz!

Test Your Knowledge of Microeconomics with This Quiz!

Test your knowledge of microeconomics with this quiz! Every little piece of information helps, and if you’re having a little bit of difficulty allowing your studies in the field of microeconomics to stick, perhaps the...

Questions: 15 | Attempts: 325 | Last updated: Mar 19, 2023

Sample Question
Economics is what?

Does not deny the reality or importance of generosity, public spirit, or any other virtue

Is not only about money and profit, business and finance, or a study of peoples competitive behaviors

Studies all kinds of choices and the unintended consequences-the unanticipated side effects-of choices

All of above

Microeconomics 101 Part III Quiz

Questions: 20 | Attempts: 190 | Last updated: Mar 17, 2023

Sample Question
Comparing opportunity costs of production is called what?

Recognizing Trade-offs

The myth of material wealth

Scarcity

A bad

The Ultimate Microeconomics Knowledge Test Part II

Welcome to The Ultimate Microeconomics Knowledge Test Part II. The following quiz takes a unique approach to microeconomics, as we take a look at some of the more unconventional methods for how a firm or individual might be able...

Questions: 48 | Attempts: 304 | Last updated: Mar 19, 2023

Sample Question
An Increase in the countries rate of inflation is apt to

Decrease demand for the countries currency

Worsen it's balance of trade and payments

Lower its nominal rate of interest and encourage an inflow of capitol

Reduce its imports and improve its trade balance

Principles Of Microeconomics Quiz

Principles of Microeconomics Quiz

In the market, there are a lot of products and services being offered to meet the desires of a consumer, but the resources needed to meet these wants are always scarce, and it is up to the producer to come up with a solution on...

Questions: 6 | Attempts: 1776 | Last updated: Nov 29, 2023

Sample Question
Monopolistic competition means:

Many firms producing differentiated products.

A situation where competition is based entirely on product differentiation.

A large number of firms producing a standardized or homogeneous product.

A few firms producing a standardized or homogeneous product

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: 36170 | 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.

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