QuizNGiggles - Economics Quiz

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Test your financial knowledge with our challenging Economics Quiz! Featured in our wide range of quiz categories, this quiz is filled with thought-provoking trivia questions about economic theories, market trends, global finance, and influential economists. Whether you’re a student of economics or just curious about the world of money and markets, our Economics Quiz will help sharpen your understanding of economic principles and real-world applications. Take the quiz now and see how well you know the dynamics of economics!

Economics

Play A Economics Quiz On QuizNGiggles

1 / 20

What is a subsidy?

A payment from the government to producers

A payment from consumers to producers

A payment from producers to consumers

A payment from the government to consumers

2 / 20

What is absolute advantage?

The ability to produce a good using fewer resources

The ability to produce a good at a lower cost

The ability to produce a good using more resources

The ability to produce a good at a higher cost

3 / 20

What is fiscal policy?

Government policy on taxation and spending

Government policy on interest rates

Government policy on international trade

Government policy on labor markets

4 / 20

What is a budget surplus?

When government spending exceeds government revenue

When government revenue exceeds government spending

When government spending equals government revenue

When government spending is zero

5 / 20

What is the law of demand?

The higher the price, the higher the demand

The higher the price, the lower the demand

The lower the price, the higher the demand

The lower the price, the lower the demand

6 / 20

What is external debt?

Debt owed to foreign creditors

Debt owed to domestic creditors

Debt owed by the government

Debt owed by individuals

7 / 20

What is a market economy?

An economy controlled by the government

An economy with no private ownership

An economy where prices are determined by supply and demand

An economy with no trade

8 / 20

What is a budget deficit?

When government spending exceeds government revenue

When government revenue exceeds government spending

When government spending equals government revenue

When government spending is zero

9 / 20

What is fiscal stimulus?

Government policies to increase spending and decrease taxes

Government policies to decrease spending and increase taxes

Government policies to stabilize prices

Government policies to control inflation

10 / 20

What is the law of diminishing returns?

As more inputs are added to production, marginal productivity decreases

As more inputs are added to production, total productivity increases

As more inputs are added to production, marginal productivity increases

As more inputs are added to production, total productivity decreases

11 / 20

What is a recessionary gap?

A gap between actual output and potential output

A gap between actual output and full employment output

A gap between actual output and desired output

A gap between actual output and equilibrium output

12 / 20

What is a tariff?

A tax on imported goods

A tax on exported goods

A tax on all goods

A tax on all financial transactions

13 / 20

What is a fiscal policy?

Government policy on taxation and spending

Government policy on interest rates

Government policy on international trade

Government policy on labor markets

14 / 20

What is a trade deficit?

When a country exports more than it imports

When a country imports more than it exports

When a country has a balanced trade

When a country has no trade

15 / 20

What is opportunity cost?

The cost of producing one more unit of a good

The cost of producing goods and services

The value of the next best alternative

The cost of producing goods and services

16 / 20

What is a recession?

A period of economic growth

A period of declining economic activity

A period of stable economic activity

A period of high inflation

17 / 20

What is a monopoly?

A market with many competitors

A market with only one buyer

A market with only one seller

A market with no buyers

18 / 20

What is the law of supply and demand?

The higher the price, the higher the demand

The higher the price, the lower the demand

The lower the price, the higher the demand

The lower the price, the lower the demand

19 / 20

What is GDP?

Gross Domestic Product

Government Debt Projection

Gross Domestic Profit

Government Development Program

20 / 20

What is inflation?

A decrease in the overall price level

An increase in the overall price level

A decrease in the overall production level

An increase in the overall production level

Your score is

The average score is 0%

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English

Play A English Quiz On QuizNGiggles

1 / 20

Which word is an interjection?

book

yes

apple

play

2 / 20

What is the correct spelling?

Accomadation

Accommodation

Acommodation

Acomadation

3 / 20

Which word is a conjunction?

blue

and

yellow

green

4 / 20

What is the opposite of the word "slow"?

fast

quick

speedy

run

5 / 20

What is the plural form of "tooth"?

tooths

teeths

teeth

toothes

6 / 20

Which word is an adjective?

sing

fast

apple

happy

7 / 20

What is the correct order of the words in this sentence?

dog brown big a

a big brown dog

big brown a dog

dog a big brown

8 / 20

What is the opposite of the word "big"?

small

tall

large

huge

9 / 20

Which word is a pronoun?

house

she

sun

run

10 / 20

What is the correct spelling?

Neccessary

Necessary

Necesary

Necsary

11 / 20

What is the correct order of the words in this sentence?

cat black a is

black cat is a

cat black is a

a is black cat

12 / 20

Which word is a verb?

chair

read

big

slow

13 / 20

What is the plural form of "mouse"?

mouses

mices

mice

mousees

14 / 20

Which word is a noun?

running

fast

computer

desk

15 / 20

What is the opposite of the word "hot"?

warm

cold

cool

burn

16 / 20

Which word is an adverb?

quickly

cat

happy

book

17 / 20

What is the correct spelling?

Acommodate

Accommodate

Acomodate

Accomodate

18 / 20

What is the past tense of the verb "go"?

gone

goed

went

19 / 20

Which word is a synonym of "happy"?

joyful

sad

angry

tired

20 / 20

What is the plural form of "child"?

childs

children

childes

childern

Your score is

The average score is 0%

Earth Day

Play A Earth Day Quiz On QuizNGiggles

1 / 20

What is the term for the process of reducing waste by using less or reusing items?

Recycling

Composting

Incineration

Waste reduction

2 / 20

Which of the following is a consequence of deforestation?

Loss of biodiversity

Increased air pollution

Rise in sea levels

All of the above

3 / 20

What is the term for the practice of using goods and resources in a way that minimizes waste and pollution?

Recycling

Sustainable consumption

Composting

Renewable energy

4 / 20

What is the main cause of water scarcity?

Overuse of water

Drought

Pollution

Deforestation

5 / 20

What is the process of breaking down organic waste using bacteria and microorganisms called?

Composting

Incineration

Landfilling

Recycling

6 / 20

Which of the following is a sustainable transportation option?

Private car

Bicycle

Motorcycle

Scooter

7 / 20

What is the term for the practice of planting trees to restore or create forests?

Afforestation

Reforestation

Deforestation

Urbanization

8 / 20

What is the main cause of soil erosion?

Deforestation

Overgrazing

Urbanization

Mining

9 / 20

What is the term for the loss of a species from a particular habitat or from the entire planet?

Extinction

Endangerment

Migration

Adaptation

10 / 20

Which of the following is a non-renewable resource?

Wind energy

Natural gas

Geothermal energy

Hydroelectric power

11 / 20

What is the main cause of ocean acidification?

Air pollution

Deforestation

Carbon dioxide emissions

Plastic pollution

12 / 20

Which of the following is a sustainable farming practice?

Monoculture

Genetically modified crops

Crop rotation

Pesticide use

13 / 20

What is the term for the gradual increase in Earth's average temperature?

Global warming

Climate change

Ozone depletion

Acid rain

14 / 20

What is the main source of water pollution?

Industrial waste

Agricultural runoff

Sewage

All of the above

15 / 20

What is the greenhouse gas responsible for climate change?

Carbon dioxide

Methane

Nitrous oxide

All of the above

16 / 20

What is the main cause of deforestation?

Urbanization

Agriculture

Wildfires

Logging

17 / 20

What is the process of converting waste materials into reusable material called?

Recycling

Composting

Incineration

Landfilling

18 / 20

What is the largest source of marine pollution?

Oil spills

Plastic waste

Sewage

Chemical waste

19 / 20

Which of the following is a renewable source of energy?

Coal

Natural gas

Solar power

Nuclear power

20 / 20

What is the primary cause of air pollution?

Factories

Cars

Burning fossil fuels

Deforestation

Your score is

The average score is 0%

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