Economics Quiz

Economics Quiz

11th Grade

120 Qs

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+1 Accountancy L 1 - L 14

+1 Accountancy L 1 - L 14

11th Grade

115 Qs

Economics Quiz

Economics Quiz

Assessment

Quiz

Arts

11th Grade

Hard

Created by

Raja Rajeshwari .S

Used 1+ times

FREE Resource

120 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

„Economics is a study of mankind in the ordinary business of life‟ - It is the statement of ___

Adam Smith

Lionel Robbins

Alfred Marshall

Samuelson

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The basic problem studied in Economics is __________.

Unlimited wants

Unlimited means

Scarcity

Strategy to meet all our wants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Micro economics is concerned with __________.

The economy as a whole

Different sectors of an economy

The study of individual economic units behaviour

The interactions within the entire economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a micro economics statement?

The real domestic output increased by 2.5 percent last year.

Unemployment was 9.8 percent of the labour force last year.

The price of wheat determines its demand

The general price level increased by 4 percent last year.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Find the odd one out:

“An inquiry into the nature and the causes of the Wealth of Nations”

“Principles of Economics”

“Nature and Significance of Economic Science”

“Ceteris paribus”

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The equilibrium price is the price at which __________.

Everything is sold

Buyers spend their money

Quantity demanded equals quantity supplied

Excess demand is zero

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Author of “An Inquiry into the Nature and Causes of Wealth of Nations” __________.

Alfred Marshall

Adam Smith

Lionel Robbins

Paul A Samuelson

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