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Economics Quiz

Economics Quiz - Set 9

Play this economics quiz and check your economics knowledge. The next quiz will be updated tomorrow.

✍ ₳uthored By - GP Sir

GP Sir on July 31, 2025

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Economics Quiz - Set 9

1. What is the primary goal of 'monetary policy'?

Control inflation and stabilize currency Increase government spending Regulate international trade Set tax rates

2. What does 'externality' mean in economics?

Cost or benefit affecting third parties Price changes in the market Government subsidies Private property rights

3. What is 'comparative advantage'?

Ability to produce at lower opportunity cost Ability to produce more goods overall Government protection of industries Trade restrictions

4. What is the function of 'capital markets'?

Facilitate buying and selling of stocks and bonds Control inflation Set tax policies Regulate imports and exports

5. What is the 'inflation rate'?

Percentage increase in general price level Change in unemployment rate Rate of economic growth Government deficit

6. What does 'liquidity preference' theory explain?

Demand for money based on interest rates Supply of money by central bank Inflation expectations Government borrowing

7. What is 'price discrimination'?

Charging different prices to different customers for the same product Government setting price limits Price fixed by monopolies Discounts for bulk buying

8. What is the role of 'human capital' in economic growth?

Enhances productivity through skills and knowledge Physical infrastructure development Capital investment only Government subsidies

9. What is 'aggregate supply'?

Total goods and services firms are willing to produce Total consumer demand Government expenditure Imports of a country

10. What does 'marginal utility' refer to?

Additional satisfaction from consuming one more unit Total satisfaction from all units consumed Price of goods Cost of production

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GP Sir

GP Sir is a Development Economist and a Banking Professional. He holds M.A. degrees in Economics, Political Science, Rural Development, a B.Ed., and is an MPhil scholar in Economics. He writes to connect economics with people’s lives.

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Economics Quiz - Set 9

1. What is the primary goal of 'monetary policy'?

2. What does 'externality' mean in economics?

3. What is 'comparative advantage'?

4. What is the function of 'capital markets'?

5. What is the 'inflation rate'?

6. What does 'liquidity preference' theory explain?

7. What is 'price discrimination'?

8. What is the role of 'human capital' in economic growth?

9. What is 'aggregate supply'?

10. What does 'marginal utility' refer to?

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