Economics Quiz

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.

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

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

 
 
 
 

2. The elasticity of demand for durable goods is

 
 
 
 

3. Inflation on prices

 
 
 
 

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

 
 
 
 

5. The slope of a demand curve is

 
 
 
 

6. Phases of the trade cycle are

 
 
 
 

7. When the price falls, supply will be

 
 
 
 

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

 
 
 
 

9. What is deducted from GNP finds GDP?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

12. Who criticized Prof. Robbin’s definition?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

17. When does national income increases

 
 
 
 

18. Which economist presented the Cardinal Theory of Utility

 
 
 
 

19. International trade has the benefits

 
 
 
 

20. Canons of taxation describe

 
 
 
 

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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