Economics Practice Question Quizzes

Are you preparing for your next Economics exam or simply looking to test your knowledge? Whether you’re in Senior High School (SHS) or getting ready for WASSCE, Economics practice Question Quizzes are one of the best ways to strengthen your understanding.

This Economics practice quiz has been carefully designed to reflect the kind of questions you’ll encounter in class tests, assignments, and final exams.

Economics

1 / 10

Which represents the best use of resources?

2 / 10

“I am essential for survival, but my definition changes with society’s standards.” What am I?

3 / 10

If complementary goods A and B are in equilibrium, and the price of A increases significantly, what happens to the market for B?

4 / 10

A lighthouse providing navigation signals is an example of:

5 / 10

What type of scarcity exists when there’s enough total resources but they’re not distributed where needed?

6 / 10

RIDDLE: “I am GDP’s cousin who shows the average person’s slice of the economic pie. Divide the whole by the many to find me. What am I?”

7 / 10

The Taylor Rule suggests that interest rates should:

8 / 10

Question

9 / 10

The Great Depression lasted approximately:

10 / 10

Stagflation combines:

Your score is

The average score is 39%

0%

Economics is more than just theories, it’s about understanding how resources are allocated, how markets work, and how individuals and governments make decisions. That’s why working through practice quizzes is so important. It helps you recall key definitions, apply concepts, and spot areas where you need more revision.

In this quiz, you’ll find questions that touch on essential SHS Economics topics such as demand and supply, production, national income, market structures, and decision-making. These questions will not only boost your confidence but also train you to think critically under exam conditions.

Why take this Economics Practice quiz?

  • It helps you identify your strengths and weaknesses.
  • You’ll get a better feel for the structure of exam-style questions.
  • It’s a quick and interactive way to revise important concepts.

Remember, the more you practice, the more confident you become on exam day.

Want more Quizzes? Check here

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