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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 931:
The most threatening problem for the less developed countries is?
  • A The continual depletion of their soil fertility
  • B The rise of nationalism
  • C Population explosion
  • D Their differences towards economic growth
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Question 932:
An increase in an economy's productive capacity implies?
  • A An increase in the economy's rate of capital replacement
  • B An increase in the economy's capital stock
  • C A decrease in government spending
  • D An increase in government spending
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Question 933:
Collectivism refers to the system of management of state enterprises in a?
  • A Mixed economy
  • B Co-operative organization
  • C Capitalist economic system
  • D Socialist economy
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Question 934:
The group of unemployed members of a community who are physically handicapped or disabled, is generally classified under unemployment as?
  • A Frictional
  • B Cyclical
  • C Residual
  • D Hidden
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Question 935:
A textile firm operates a plant in the North (where capital expensive relative to labour)as well as a plant in the South (where labour is expensive relative to capital ). In this diagram above the Southern plant will minimize cost by combining labour and capital in the amounts indicated by
  • A P
  • B Q
  • C X
  • D Y
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