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Economics Basic Concepts – Quiz Set 7

Last updated on 2026-02-07

Three 10-question bundles from our Economics Basic Concepts quiz library.

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Table of contents

  1. Set 1: Economics – Set 1
  2. Set 2: Economics – Set 2
  3. Set 3: Economics – Set 3

Bundle 1

Economics – Set 1

Bundle ID: 1200000018

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1

Price of notebooks changes by 8%, quantity demanded changes by 4%. Demand is:

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2

Price of notebooks changes by 6%, quantity demanded changes by 12%. Demand is:

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3

Which type of unemployment is most associated with job transitions?

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4

Which type of unemployment is linked to skill mismatches?

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5

Price of solar chargers changes by 20%, quantity demanded changes by 20%. Demand is:

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6

Which type of unemployment rises during economic downturns?

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7

Which type of unemployment is tied to seasonal industries?

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8

Price of headphones changes by 10%, quantity demanded changes by 2%. Demand is:

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9

Price of headphones changes by 5%, quantity demanded changes by 15%. Demand is:

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10

Price of headphones changes by 20%, quantity demanded changes by 20%. Demand is:

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Bundle 2

Economics – Set 2

Bundle ID: 1200000019

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1

Price of headphones changes by 8%, quantity demanded changes by 4%. Demand is:

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2

Price of headphones changes by 6%, quantity demanded changes by 12%. Demand is:

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3

GDP counts only:

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4

Price of bike helmets changes by 5%, quantity demanded changes by 15%. Demand is:

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5

Price of bike helmets changes by 20%, quantity demanded changes by 20%. Demand is:

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6

Real GDP rises when:

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7

Price of bike helmets changes by 6%, quantity demanded changes by 12%. Demand is:

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8

A sustained rise in the general price level is called:

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9

A sustained fall in the general price level is called:

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10

Price of organic vegetables changes by 20%, quantity demanded changes by 20%. Demand is:

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Bundle 3

Economics – Set 3

Bundle ID: 1200000020

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1

Monetary policy primarily influences the economy through:

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2

Fiscal policy primarily uses:

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3

If income rises and demand for coffee falls, coffee is:

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4

If the price of coffee rises and demand for headphones increases, coffee and headphones are:

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5

If the price of coffee rises and demand for bike helmets falls, coffee and bike helmets are:

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6

If income rises and demand for bread falls, bread is:

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7

If the price of bread rises and demand for headphones increases, bread and headphones are:

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8

If the price of bread rises and demand for bike helmets falls, bread and bike helmets are:

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9

If income rises and demand for smartphones falls, smartphones is:

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10

If the price of smartphones rises and demand for headphones increases, smartphones and headphones are:

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