Economics Quiz | Multiple Choice Questions and Answers

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Economics MCQs → Economics Quiz from 11 to 15. Link to Economics Quiz (PDF) is given after the fifteenth question.

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11. The branch of economics concerned with overall performance of the economy is known as
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Keynesian Economics

12. The branch of economics concerned with the use of statistical methods to obtain empirical results for economic relations is known as
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Keynesian Economics

13. The branch of economics concerned with the behavior of markets, firms, and households is known as
(A) Microeconomics
(B) Macroeconomics
(C) Econometrics
(D) Bayesian Economics

14. An economy is producing efficiently when no individual’s economic welfare can be improved unless
(A) supply is increased
(B) demand is increased
(C) someone else is improved
(D) someone else is made worse off

15. Taxes are used to discourage __________ of a commodity.
(A) consumption
(B) production
(C) saving
(D) inflation

ANSWERS: ECONOMICS QUIZ
11. (B) Macroeconomics
12. (C) Econometrics
13. (A) Microeconomics
14. (D) someone else is made worse off
15. (A) consumption

Economics Quiz (PDF)
Download the Economics Quiz in Multiple Choice Question Format from this page.