Economics

Online MCQs Economics Quiz 3

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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 Online MCQs Economics Quiz.

Online Multiple Choice Questions about Economics for the preparation of Jobs and Economics Educational Examinations related such as Lecturer, Research Analyst, and Economist, etc.

1. Who described Economics as a science of wealth?

 
 
 
 

2. Average revenue is equal to

 
 
 
 

3. When the price falls supply

 
 
 
 

4. The quality of a good that satisfies a human want to called as

 
 
 
 

5. The elasticity of demand for durable goods is

 
 
 
 

6. The other name of the law of diminishing return is

 
 
 
 

7. The economy gets maximum prosperity during

 
 
 
 

8. Who presented the quantity theory of money?

 
 
 
 

9. In inflation prices

 
 
 
 

10. Rent of the building is included in

 
 
 
 

11. Ushr implies on

 
 
 
 

12. The methods of measuring the elasticity of supply are

 
 
 
 

13. International trade has the benefits

 
 
 
 

14. It is a Federal Tax

 
 
 
 

15. National income does not include

 
 
 
 

16. According to the law of increasing return, the marginal product

 
 
 
 

17. Which Economists presented the law of diminishing marginal utility?

 
 
 
 

18. The economy gets prosperity during

 
 
 
 

19. Who is responsible for profit and loss in the business?

 
 
 
 

20. Inflation will be useful for

 
 
 
 

Online MCQs Economics Quiz

  • In inflation prices
  • Inflation will be useful for
  • The economy gets prosperity during
  • It is a Federal Tax
  • The quality of a good that satisfies a human want to called as
  • Which Economists presented the law of diminishing marginal utility?
  • The methods of measuring the elasticity of supply are
  • According to the law of increasing return, the marginal product
  • Average revenue is equal to
  • When the price falls supply
  • The other name of the law of diminishing return is
  • The elasticity of demand for durable goods is
  • Rent of the building is included in
  • Who is responsible for profit and loss in the business?
  • National income does not include
  • Who presented the quantity theory of money?
  • International trade has the benefits
  • The economy gets maximum prosperity during
  • Ushr implies on
  • Who described Economics as a science of wealth?
Online MCQs Economics Quiz

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MCQs Economics Quiz 2

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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.

Please go to MCQs Economics Quiz 2 to view the test

MCQs Economics Quiz

  • When the price of a product falls, supply will be
  • When the price falls, supply will be
  • The slope of a demand curve is
  • Who is the writer of “The Wealth of Nations”?
  • When does national income increases
  • Inflation on prices
  • Phases of the trade cycle are
  • International trade has the benefits
  • Canons of taxation describe
  • Who wrote “The Nature and Significance of Economics”?
  • Who criticized Prof. Robbin’s definition?
  • Which economist presented the Cardinal Theory of Utility
  • The quality of a good which satisfies a human want is called as
  • According to the law of diminishing marginal utility, the marginal utility
  • Consumer goods are those goods that are used by a man
  • The elasticity of demand for durable goods is
  • The unity method of elasticity of demand was presented by
  • What remains after the deduction of direct taxes from personal income
  • What is deducted from GNP finds GDP?
  • What was the difficulty of the “barter system”?
MCQs Economics Quiz

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MCQs Economics 1

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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.

Please go to MCQs Economics 1 to view the test

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
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