Understanding Economic Fundamentals

Explore key concepts in economics with this short quiz.

quizeconomicsfinancebusinesstest
Difficulty:EASY

Quiz Details

Questions5
CategoryBusiness & Finance
DifficultyEASY
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Quiz Questions

Answer all questions below and test your knowledge.

  1. 1

    What is the term for the study of individual economic units?

    Question 1
  2. 2

    What happens to demand for a product when its price increases?

    Question 2
  3. 3

    What is the term for a market structure with many firms selling a similar product?

    Question 3
  4. 4

    What is the term for a tax on imported goods?

    Question 4
  5. 5

    What is the term for the ability of an economy to produce goods and services?

    Question 5

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