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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 911:
The additional revenue obtained by using one more unit of a factor is called?
  • A Average product
  • B Marginal product
  • C Diminishing returns
  • D Marginal revenue product
View Answer & Explanation
Question 912:
In a public company, enterpreneurial functions are performed by the?
  • A Workers
  • B Shareholders
  • C General manager
  • D Board of directors
View Answer & Explanation
Question 913:
The most important limitation on the partner as a form of business enterprise is the?
  • A Implication for partners'liability
  • B Legal limitation placed on the number of partners
  • C Difficulties arising from having two co-ordinate heads of a firm
  • D Fact that each partner regardless of the capital he contributes, must have the same voting rights
View Answer & Explanation
Question 914:
Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?
  • A Stockholders
  • B Sleeping partners
  • C Part-time investors
  • D Ordinary partners
View Answer & Explanation
Question 915:
Localization of industries refers to the?
  • A Tendency to concentrate industries in particular areas
  • B Sitting of industries in certain areas
  • C Deliberate policy of influencing location of industries generally
  • D Zoning of industries
View Answer & Explanation