Economics Quiz

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. The elasticity of demand for durable goods is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

4. Which economist presented the Cardinal Theory of Utility

 
 
 
 

5. International trade has the benefits

 
 
 
 

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

 
 
 
 

7. Inflation on prices

 
 
 
 

8. When does national income increases

 
 
 
 

9. Phases of the trade cycle are

 
 
 
 

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

 
 
 
 

11. Who criticized Prof. Robbin’s definition?

 
 
 
 

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

 
 
 
 

13. Canons of taxation describe

 
 
 
 

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

 
 
 
 

15. When the price falls, supply will be

 
 
 
 

16. What is deducted from GNP finds GDP?

 
 
 
 

17. The slope of a demand curve is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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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