Economics Test
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The Economics test assesses knowledge and understanding of how economies work, including the production, distribution, and consumption of goods and services.
The assessment includes solving work-sample tasks, such as:
- Analyzing the interactions and decision-making of individuals and firms in the marketplace.
- Evaluating the impact of government policies on national markets and the economy as a whole.
- Calculating the price of a product to maximize profit or revenues.
Good economists, management consultants, and investment analysts need to have a command of both microeconomics and macroeconomics in order to provide insights and advice about the effects of economic change, and the opportunities and risks offered by such changes.
Sample public questions
A wholesale tuna market is obtaining tuna from both domestic and foreign suppliers. Pricing is set based on supply and local demand.
Which events would trigger an increase in the amount, measured in tons, of tuna being traded at the market?
The housing market is overheating, labor unions are protesting against sky-high house prices, the central bank is worried that further increases in household mortgage debt threaten the nation’s financial stability, and politicians are being pressured to help their electoral bases.
Which measures should work in favor of lowering the sale prices of houses?
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5 more premium Economics questions
Structural Unemployment, CRM Software, Contractionary Policy, Rising Taxes, Island Property.
Skills and topics tested
- Economics
- Macroeconomics
- Unemployment
- Arithmetic
- Economies of Scale
- Marginal Cost
- Microeconomics
- Interest Rate
- Monetary Policy
- Price Elasticity
- Supply and Demand
- Competition
For job roles
- Economist
- Financial Analyst
- Investment Analyst
- Management Consultant
- Risk Analyst
Sample candidate report
What others say
Simple, straight-forward technical testing
TestDome is simple, provides a reasonable (though not extensive) battery of tests to choose from, and doesn't take the candidate an inordinate amount of time. It also simulates working pressure with the time limits.
Jan Opperman, Grindrod Bank
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