Economics in Your Daily Life Quiz

Created by: FreeQuizzesFor

Go Back
15 Questions
0 Plays
Economicslife-generaleconomics
Economics in Your Daily Life: a Economics quiz with 15 questions. Test your knowledge!
Rate this quiz:
No ratings yet

Questions

Question 1
What is the term for the limited nature of society's resources?
A Deflation
B Inflation
C Scarcity
D Abundance
Question 2
If the price of a product increases, what usually happens to demand?
A It stays the same
B It disappears
C It decreases
D It increases
Question 3
What is the value of the next best alternative given up called?
A Variable cost
B Opportunity cost
C Fixed cost
D Sunk cost
Question 4
What do we call the total market value of goods produced in a country?
A CPI
B IMF
C ROI
D GDP
Question 5
What is the primary currency used in the European Union?
A Dollar
B Euro
C Pound
D Yen

📋 This quiz has 15 questions in total.

Log in to see all questions and correct answers!

Similar Quizzes — Economics ·

🎯 Icons and Legends of Economics → 🎯 Deep Dives into Money and Finance → 🎯 Confusing Economic Concepts → 🎯 Surprising Economic Oddities → 🎯 Global Economic Records and Icons →

More On This Topic — Economics at other levels

General Tourism: Economic Impact on Turkey → General EU Economy: Market, Euro, and Union → General Understanding National Wealth: GDP and GNP →

Explore More

📚 All Economics Quizzes 🎓 All genel Quizzes 🔍 All Quizzes

🚨 Report An Error