Tuesday , August 3 2021

Economics Mcqs Online Quiz – Fundamental Economic Concepts – Quiz # 2

Economics Mcqs Online Quiz – Chapter # 1 Fundamental Economic Concepts Quiz # 2

  • This Quiz is related to Fundamental Economics Concepts
  • If you have good understanding about the subject, then you can attempt it
  • There will be 10 Multiple Choice Questions (MCQs) in this test
  • You have 60 Seconds to answer a single Multiple Choice Question
  • Questions will be randomly changed every time you start this test
  • You should practice more and more to get high marks
  • Passing Criteria is 60 percent for this Quiz
  • You can retake this test as many time as you like
  • The progress bar at the top of screen will show your progress as well as the time remaining where timed quiz
  • After the quiz, You will find Your Test Score and Grade
  • If you feel that any Incorrect Answer to a Question, simply Comment us about the Question.




This is a timed quiz. You will be given 600 seconds to answer all questions. Are you ready?

600
0%

Land, labor, and capital are:

Correct! Wrong!

Which of the following statements is false when an economy is on its PPF?

Correct! Wrong!

What is the best definition of an economic good?

Correct! Wrong!

Government’s role in a modern economy is to:

Correct! Wrong!

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Which of the statements below does not apply to the production-possibility frontier, or PPF?

Correct! Wrong!

Which of the following statements could be used to explain an outward shift in the production-possibility frontier?

Correct! Wrong!

The subject of economics includes:

Correct! Wrong!

Economic policies can be designed to fight which of the following economic problems?

Correct! Wrong!

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Which of the following may have been considered a free good today?

Correct! Wrong!

Which of the following is an appropriate economic goal for government in a mixed economy?

Correct! Wrong!

Fundamental Economic Concepts - Quiz 2
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