Economics - 3 | Take the Quiz

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Test Your Economics Knowledge

Welcome to our engaging Economics Quiz! This quiz is designed for anyone interested in economics, whether you're a student, a professional, or just curious about the subject. Test your knowledge with 4 thought-provoking questions that cover various economic concepts.

Multiple-choice questions
Diverse topics within economics
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4 Questions1 MinutesCreated by EvaluatingEconomist42

ME is concerned with the application of economic principles and methodologies to the decision-making process within the country…..”

The statement is true

The statement is false

The statement is true nor false

Choose the correct answer

John Meynard wrote the 1890 book "Principles of Economics"

Cost theory deals with the nature and kind of input-output relationship.

Cost theory deals with the nature and kind of price-output relationship.

All of the above are incorrect

X could have followed CIMA, would have benefited from starting an internship but ends up going to university. What is X's opportunity cost?

CIMA

Internship

Time

University

When there is a change in the price of a commodity there will be a change in the quantity of demand. In other words the change in the price of a commodity lead to a change in th demand curve.

This is correct

This is somewhat correct

This is incorrect

Neither correct or incorrect

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Economics - 3

Test Your Economics Knowledge

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