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Economics quiz

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which of the following describes the best “What is Economics” ?

    a) Economics is the study that teaches how to minimize expenditures

    b) Economics is the study of the choices people make to cope with scarcity

    c) Economics is the study on how to become best economists

    d) Economics is the study of various economics principles and approaches

  • 2. Multiple Choice
    30 seconds
    1 pt

    “The study of the decisions of people and businesses and the interaction of those decisions in markets. The goal of it is to explain the prices and quantities of individual goods and services”.

    a) Economics

    b) Macroeconomics

    c) Microeconomics

    d) Behavioral Economics

  • 3. Multiple Choice
    30 seconds
    1 pt

    “The study of the national economy and the global economy and the way that economic aggregates grow and fluctuate. The goal of it is to explain average prices and the total employment, income, and production”.

    a) Economics

    b) Macroeconomics

    c) Microeconomics

    d) Behavioral Economics

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