Economics Quiz – MCQs on Micro & Macro Economics

Q1. A free enterprise system is one in which

Q2. An excess of imports over exports.

Q3. What does GDP stand for?

Q4. Which of the following trade barriers places a limit on imported goods?

Q5. Demand-Pull inflation can be describes as too many _ chasing too few _

Q6. AT&T, Verizon, and T-Mobile are an example of a(n)

Q7. What determines how a change in prices will affect total revenue for a company?

Q8. Order these criminal felony case procedures from beginning to end.

Q9. In MACROeconomics, the economy can best be understood through the use of

Q10. Which of the following is not a basic economic problem that an economy must strive to solve?

Q11. Consumers do this.

Q12. In Madison, you can find many ___, or places to buy goods.

Q13. Which factor causes the demand curve to shift in the following situation: Bobby graduated from college and got a good job, so he decided to buy a new 2016 Passat.

Q14. The way a place uses its money, goods, natural resources, and services is the

Q15. What is competition when relating it to economics?

Q16. What is a product that people in one country buy from people in another country?

Q17. If lowering the price of an item doesn’t result in more sales, demand is said to be

Q18. When a products need is not urgent, demand is

Q19. What is a market? choose the best answer

Q20. The proponent of Hierarchy of Needs

Q21. Stock Market is dropping and consumers are reluctant to purchase stock. More willing to sell stock to avoid losing money.

Q22. The law of comparative advantage helps explain

Q23. During a recession, the unemployment rate:

Q24. a condition of rising prices

Q25. In a command economy, the ___ either makes most economic decisions itself or at least strongly influences how the decisions are made.

Economics - Part 4

Q1. A free enterprise system is one in which

Q2. An excess of imports over exports.

Q3. What does GDP stand for?

Q4. Which of the following trade barriers places a limit on imported goods?

Q5. Demand-Pull inflation can be describes as too many _ chasing too few _

Q6. AT&T, Verizon, and T-Mobile are an example of a(n)

Q7. What determines how a change in prices will affect total revenue for a company?

Q8. Order these criminal felony case procedures from beginning to end.

Q9. In MACROeconomics, the economy can best be understood through the use of

Q10. Which of the following is not a basic economic problem that an economy must strive to solve?

Q11. Consumers do this.

Q12. In Madison, you can find many ___, or places to buy goods.

Q13. Which factor causes the demand curve to shift in the following situation: Bobby graduated from college and got a good job, so he decided to buy a new 2016 Passat.

Q14. The way a place uses its money, goods, natural resources, and services is the

Q15. What is competition when relating it to economics?

Q16. What is a product that people in one country buy from people in another country?

Q17. If lowering the price of an item doesn’t result in more sales, demand is said to be

Q18. When a products need is not urgent, demand is

Q19. What is a market? choose the best answer

Q20. The proponent of Hierarchy of Needs

Q21. Stock Market is dropping and consumers are reluctant to purchase stock. More willing to sell stock to avoid losing money.

Q22. The law of comparative advantage helps explain

Q23. During a recession, the unemployment rate:

Q24. a condition of rising prices

Q25. In a command economy, the ___ either makes most economic decisions itself or at least strongly influences how the decisions are made.

Economics - Part 4

Q1. A free enterprise system is one in which

Q2. An excess of imports over exports.

Q3. What does GDP stand for?

Q4. Which of the following trade barriers places a limit on imported goods?

Q5. Demand-Pull inflation can be describes as too many ___ chasing too few ___

Q6. AT&T, Verizon, and T-Mobile are an example of a(n)

Q7. What determines how a change in prices will affect total revenue for a company?

Q8. Order these criminal felony case procedures from beginning to end.

Q9. In MACROeconomics, the economy can best be understood through the use of

Q10. Which of the following is not a basic economic problem that an economy must strive to solve?

Q11. Consumers do this.

Q12. In Madison, you can find many ___, or places to buy goods.

Q13. Which factor causes the demand curve to shift in the following situation: Bobby graduated from college and got a good job, so he decided to buy a new 2016 Passat.

Q14. The way a place uses its money, goods, natural resources, and services is the

Q15. What is competition when relating it to economics?

Q16. What is a product that people in one country buy from people in another country?

Q17. If lowering the price of an item doesn’t result in more sales, demand is said to be

Q18. When a products need is not urgent, demand is

Q19. What is a market? choose the best answer

Q20. The proponent of Hierarchy of Needs

Q21. Stock Market is dropping and consumers are reluctant to purchase stock. More willing to sell stock to avoid losing money.

Q22. The law of comparative advantage helps explain

Q23. During a recession, the unemployment rate:

Q24. a condition of rising prices

Q25. In a command economy, the ___ either makes most economic decisions itself or at least strongly influences how the decisions are made.

Q5. Demand-Pull inflation can be describes as too many _ chasing too few _