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 is the writer of “The Wealth of Nations”?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

4. The slope of a demand curve is

 
 
 
 

5. When the price falls, supply will be

 
 
 
 

6. International trade has the benefits

 
 
 
 

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

 
 
 
 

8. Canons of taxation describe

 
 
 
 

9. Who criticized Prof. Robbin’s definition?

 
 
 
 

10. Inflation on prices

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

16. Which economist presented the Cardinal Theory of Utility

 
 
 
 

17. Phases of the trade cycle are

 
 
 
 

18. What is deducted from GNP finds GDP?

 
 
 
 

19. When does national income increases

 
 
 
 

20. The elasticity of demand for durable goods is

 
 
 
 

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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