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
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This is a timed quiz. You will be given 600 seconds to answer all questions. Are you ready?
Government’s role in a modern economy is to:
Which of the following statements could be used to explain an outward shift in the production-possibility frontier?
Which of the following may have been considered a free good today?
The subject of economics includes:
Which of the following is an appropriate economic goal for government in a mixed economy?
Economic policies can be designed to fight which of the following economic problems?
Land, labor, and capital are:
Which of the statements below does not apply to the production-possibility frontier, or PPF?
Which of the following statements is false when an economy is on its PPF?
What is the best definition of an economic good?
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