IGCSE Economics True/False Quiz

Yes or No

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A quick true/false test on key IGCSE econ concepts.

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Prithvi Agarwal

United States

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IGCSE Economics True/False QuizOnline version A quick true/false test on key IGCSE econ concepts. by Prithvi Agarwal 1 Inflation measures the sustained rise in the overall level of prices in an economy. Yes No 2 A budget deficit is when government saves more than it spends. Yes No 3 Public goods are non-excludable and non-rivalrous. Yes No 4 A decrease in supply always lowers both equilibrium price and quantity. Yes No 5 Demand tends to fall when the price of a good rises, ceteris paribus. Yes No 6 Tariffs reduce import prices. Yes No 7 In the short run, all factors of production are variable. Yes No 8 In a perfectly competitive market, many buyers and sellers ensure price-taking behavior. Yes No 9 Opportunity cost is the value of the next best alternative foregone. Yes No 10 The price elasticity of demand for luxury goods is always greater than for essential goods. Yes No

IGCSE Economics True/False QuizOnline version

A quick true/false test on key IGCSE econ concepts.

by Prithvi Agarwal

Inflation measures the sustained rise in the overall level of prices in an economy.

Yes

A budget deficit is when government saves more than it spends.

Yes

Public goods are non-excludable and non-rivalrous.

Yes

A decrease in supply always lowers both equilibrium price and quantity.

Yes

Demand tends to fall when the price of a good rises, ceteris paribus.

Yes

Tariffs reduce import prices.

Yes

In the short run, all factors of production are variable.

Yes

In a perfectly competitive market, many buyers and sellers ensure price-taking behavior.

Yes

Opportunity cost is the value of the next best alternative foregone.

Yes

The price elasticity of demand for luxury goods is always greater than for essential goods.

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

IGCSE Economics True/False Quiz

Yes or No

About this activity

Created by

Download the paper version to play

Top Games

Yes or No

Adjective Checker

Yes or No

Is it true?

Yes or No

Foot and Ankle Anatomy Quiz

Yes or No

Grammys for best song/record

Yes or No

Is it created with Artificial Intelligence? - Complete game

IGCSE Economics True/False QuizOnline version

by Prithvi Agarwal

Inflation measures the sustained rise in the overall level of prices in an economy.

A budget deficit is when government saves more than it spends.

Public goods are non-excludable and non-rivalrous.

A decrease in supply always lowers both equilibrium price and quantity.

Demand tends to fall when the price of a good rises, ceteris paribus.

Tariffs reduce import prices.

In the short run, all factors of production are variable.

In a perfectly competitive market, many buyers and sellers ensure price-taking behavior.

Opportunity cost is the value of the next best alternative foregone.

The price elasticity of demand for luxury goods is always greater than for essential goods.

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