Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the MCQs Economics Quiz.
MCQs Economics for the preparation of different Job and educational degree-related tests and examinations.
Online MCQs Economics with Answers
- “The true national income is that part of the annual net produce that is directly consumed during that year” Who said this
- Who has given the concept of “Wage fund Theory”
- Both households and societies face many decisions because
- Which of the following is NOT included in the decisions that every society must make?
- Economics deals primarily with the concept of
- Households and economics have each of the following in common EXCEPT both
- The word economy comes from the Greek word for
- The word that comes from the Greek word for “One who manages a household” is
- A monopsony is
- Price discrimination is
- If a monopoly is unable to cover its short-run variable costs, it should
- If the monopolist maximizes profits when marginal revenue equals marginal cost equals average cost, economic profits must be
- If a monopolist has only fixed costs and chooses that output at which marginal cost equals price, it will
- If a monopolist had no costs, the best possible price would be where demand is
- Personal income means
- The national income period is
- Factors of production are
- The other name for law decreasing return is
- Average revenue is equal to
- In a monopoly the number of firms is
