Economics

MCQs Economics Quiz Questions 2

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Online MCQs about the subject of Economics. There are 20 MCQs about Economics and these economics quiz Questions 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 Questions.

MCQs Economics for the preparation of different Job and educational degree-related tests and examinations.

1. Who criticized Prof. Robbin’s definition?

 
 
 
 

2. Who is the writer of “The Wealth of Nations”?

 
 
 
 

3. Canons of taxation describe

 
 
 
 

4. What is deducted from GNP finds GDP?

 
 
 
 

5. When the price of a product falls, supply will be

 
 
 
 

6. When does national income increases

 
 
 
 

7. Inflation on prices

 
 
 
 

8. The quality of a good which satisfies a human want is called as

 
 
 
 

9. Which economist presented the Cardinal Theory of Utility

 
 
 
 

10. The elasticity of demand for durable goods is

 
 
 
 

11. According to the law of diminishing marginal utility, the marginal utility

 
 
 
 

12. What remains after the deduction of direct taxes from personal income

 
 
 
 

13. The unity method of elasticity of demand was presented by

 
 
 
 

14. Consumer goods are those goods that are used by a man

 
 
 
 

15. Phases of the trade cycle are

 
 
 
 

16. Who wrote “The Nature and Significance of Economics”?

 
 
 
 

17. International trade has the benefits

 
 
 
 

18. When the price falls, supply will be

 
 
 
 

19. The slope of a demand curve is

 
 
 
 

20. What was the difficulty of the “barter system”?

 
 
 
 

MCQs Economics Quiz Questions

  • 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 Questions

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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
MCQs Economics

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