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Economics Past Questions and Answers

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Economics Questions

Question 656:

The maintenance of general economic stability in the country necessarily relies heavily on?

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A Federal fiscal policy
B Coordinated federal, state and local fiscal policies
C Tax and revenue policies of state governments
D Federal grants to state and local government
E Federal grants to local governments

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Question 657:

The supply of loanable funds is significantly influenced by?

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A Commercial banks
B Mortage banks
C Financial intermediaries
D The Central Bank
E Insurance companies

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Question 658:

Division of labour has many advantages . Not withstanding, it is greatly limited by?

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A Monotony of work
B Decline of craftmanship
C Risk of unemployment
D Extent of market demand
E Boredom

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Question 659:

In the event of a limited liability company going into liquidation each

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A Shareholder may lose the maximum of the amount he has invested
B Shareholder loses nothing
C Shareholders loses everything including his house
D Shareholder''s liability becomes unlimited
E Shareholder will lose the amount he has invested plus a proportion of his bank account

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Question 660:

A greater burden of the taxes on essential goods is borne by the?

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A Middle income group
B Higher income group
C Lower income group
D People falling between the middle and higher income groups
E Top few richest people of the country

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