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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 691:
Division of labour is limited by?
  • A The size of market
  • B The productivity of capital
  • C Cost of production
  • D The factors of production
  • E Government policy
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Question 692:
The production within the domestic territory of a country is called the
  • A Net national product
  • B Gross domestic product
  • C Net income
  • D Disposable income
  • E Gross national product
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Question 693:
In discussing the reasons why wages differ between occupations, which of the following should be regarded as a cardinal point that needs to be emphasized?
  • A Length and cost of training
  • B Demand and supply
  • C Attractiveness of the job
  • D Influence of the trade union
  • E Government intervention
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Question 694:
The advantages that accrue to a firm as the size of the firm increases are known as
  • A External diseconomies
  • B Internal returns to scale
  • C Internal economies
  • D Internal diseconomies
  • E Constant returns to scale
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Question 695:
Which Of the following is NOT an obstacle to economic development?
  • A Low level of investment
  • B Lack of modern technology
  • C High rate of population growth
  • D Low productivity
  • E Dedicated leadership
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