The Economic Knowledge Test

1. Hi! Given the deplorable state of understanding in the Economic Sciences, I have devised a test so you can self-evaluate just how solid your Economic thinking is. This doesn't require ever taking an economics course, but it helps. Economics requires logic, solid logic and is based on the following law. As demand goes up, so too does the price. As price goes up the quantity demanded goes down. As supply goes up, price typically goes down. As price goes up the quantity supplied goes up. If that makes absolutely NO sense to you, don't fret. Nothing technical will be asked.

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