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 Follow QuizMoz on Twitter  Microeconomics Quiz

Welcome to the QuizMoz Microeconomics Quiz. QuizMoz offers one of the Internet's largest collection of quizzes for you to tease your brain and pit your wits against the experienced QuizMoz quiz masters. Go ahead and find out what you know about yourself and the world around you. Best of luck!!

All it takes is two minutes to take the Microeconomics Quiz and find out how much you know about the quiz and the characters in the quiz.

Quiz Created by:
Ashok kumar Bag
Creation Date: 9 January 2012
1. Who is the father of economics ?
a.Alfred Marshall
b.Adam smith
c.David Ricardo
d.JM Clark
Last improved on 12/11/2012 at 10:08:08 PM
2. Why the demand curve slopes downward ?
a.Because there is a negative relationship between price and quantity demanded
b.There is positive relationship between price and quantity demanded
c.The is not relationship between Price and demand .
d.None of these
3. Why the supply curve slopes upward ?
a.There is positive relationship between price and quantity demanded
b.There is negative relationship between price and quantity demanded
c.There is not relationship between price and quantity demanded
d.None of these
4. In which case elasticity of demand is zero ?
a.When a small change in price will cause an infinite change in quantity demanded
b.Whatever may be the price , the amount demanded remains the same
c.When a proportionate change in price leads to more than proportionate change in quantity demanded
d.When a proportionate change in price leads small than proportionate change in quantity demanded
5. What is marginal utility ?
a.It is derived from tatal goods
b.It is nothing but the summation of all goods
c.By consuming all units it is derived
d.Addition made to total utility when an extra unit of good consumed
6. What is revenue ?
a.Revenue represents the income side of the seller
b.Revenue represents expenditure side of the seller
c.Revenue is the payment for capital
d.None of these
7. What is profit ?
a.It is the payment of capital
b.It is the payment land
c.It is the payment of labour
d.It is the payment of entreprenuar
8. What is demonstration effect ?
a.It means following the living style of the neighbour
b.It means not following the law
c.It means consuming a good
d.None of the above
9. What is opportunity cost ?
a.The next best alternative that is fargone
b.It is a cost for producing a commodity
c.It is the cost on family
d.None of there
10. What is utility ?
a.The want satisfying capacity of a particular commodity
b.It is a thing
c.The intensity of a want
d.None of these
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