Economics Quick Quiz

Yes or No

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About this activity

Answer true or false about economics basics.

Created by

Soumya

India

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Economics Quick QuizOnline version Answer true or false about economics basics. by Soumya 1 Monetary policy often uses interest rate adjustments to influence inflation. Yes No 2 Fiscal policy directly controls the money supply. Yes No 3 When price rises, quantity demanded increases according to the law of demand. Yes No 4 Gross Domestic Product measures the market value of all final goods and services produced domestically. Yes No 5 Marginal cost is the rise in total cost when producing one more unit. Yes No 6 A monopoly faces a perfectly elastic demand curve. Yes No 7 In perfect competition, many buyers and sellers keep any single actor from setting price. Yes No 8 In the short run, all inputs can be easily adjusted. Yes No 9 Demand curves typically slope downward from left to right. Yes No 10 Consumer surplus equals the total amount of money consumers spend on goods. Yes No 11 Do you think Economics is difficult Yes No

Economics Quick QuizOnline version

Answer true or false about economics basics.

by Soumya

Monetary policy often uses interest rate adjustments to influence inflation.

Yes

Fiscal policy directly controls the money supply.

Yes

When price rises, quantity demanded increases according to the law of demand.

Yes

Gross Domestic Product measures the market value of all final goods and services produced domestically.

Yes

Marginal cost is the rise in total cost when producing one more unit.

Yes

A monopoly faces a perfectly elastic demand curve.

Yes

In perfect competition, many buyers and sellers keep any single actor from setting price.

Yes

In the short run, all inputs can be easily adjusted.

Yes

Demand curves typically slope downward from left to right.

Yes

Consumer surplus equals the total amount of money consumers spend on goods.

Yes

Do you think Economics is difficult

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.

Economics Quick Quiz

Yes or No

About this activity

Created by

Download the paper version to play

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Economics Quick QuizOnline version

by Soumya

Monetary policy often uses interest rate adjustments to influence inflation.

Fiscal policy directly controls the money supply.

When price rises, quantity demanded increases according to the law of demand.

Gross Domestic Product measures the market value of all final goods and services produced domestically.

Marginal cost is the rise in total cost when producing one more unit.

A monopoly faces a perfectly elastic demand curve.

In perfect competition, many buyers and sellers keep any single actor from setting price.

In the short run, all inputs can be easily adjusted.

Demand curves typically slope downward from left to right.

Consumer surplus equals the total amount of money consumers spend on goods.

Do you think Economics is difficult

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