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This document contains a 10 question multiple choice quiz on basic economics concepts. The questions cover topics such as scarcity, capitalism, production possibilities curves, opportunity cost, demand and elasticity. For each question there are 5 potential multiple choice answers.
100+ Fundamentals of Economics Solved MCQs. These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting , Union Public Service Commission (UPSC) , Indian Administrative Service (IAS) . Take a Test. Hide answers. 1 of 3 Sets.
Basic Economics MCQs with Answers 1. The fundamental economic problem faced by all societies is: a. unemployment b. ineq...
Solved MCQs for Basics of Economics, with PDF download and FREE Mock test.
Multiple Choice Quiz. This is the Online Learning Centre for Foundations of Economics 2e, by Begg, Dornbusch and Fischer, published by McGraw-Hill.
Answer these questions in the cases , , and : Is supply or demand affected? Is supply or demand increasing or decreasing? What happens to the equilibrium price and to the equilibrium quantity? The good becomes fashionable. Input prices fall. Income rises (normal good).
These basic MCQs of economics are reliable and you can get success in your competitive exams using this knowledge. We collect these multiple choice questions from various trustworthy resources and then compile them in pdf files for your ease.
