MCQs Economics Quiz Questions 2

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

 
 
 
 

2. Phases of the trade cycle are

 
 
 
 

3. Canons of taxation describe

 
 
 
 

4. When the price falls, supply will be

 
 
 
 

5. Who criticized Prof. Robbin’s definition?

 
 
 
 

6. Inflation on prices

 
 
 
 

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

 
 
 
 

8. When does national income increases

 
 
 
 

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

 
 
 
 

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

 
 
 
 

11. The slope of a demand curve is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

14. The elasticity of demand for durable goods is

 
 
 
 

15. International trade has the benefits

 
 
 
 

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

 
 
 
 

17. What is deducted from GNP finds GDP?

 
 
 
 

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

 
 
 
 

19. Which economist presented the Cardinal Theory of Utility

 
 
 
 

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

 
 
 
 

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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