Economics Quiz

Economics Quiz

12th Grade

39 Qs

quiz-placeholder

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Economics Quiz

Economics Quiz

Assessment

Quiz

Others

12th Grade

Hard

Created by

Vishwajeet Naik

FREE Resource

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The problem of allocation of resources is referred to as

A

B

C

D

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is a situation in which

A

B

C

D

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of goods which leads to higher production in future is

Micro economic theory

Economy

Macro-economic theory

Economic system

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The problem of making a Choice is called

Consumer goods

Capital goods

Public goods

Economic problem

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price theory is also known as

Micro economics

Macro economics

Market economics

Price econometric

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The equation for the budget line is

P x X, + P, x P,< M

P,x X, + P, x P,> M

P,x P, +P, x P, -M

P,x P, +P, x P, = M

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital intensive techniques would be preferred over

A

B

C

D

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