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Economics Past Questions and Answers

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Economics Questions

Question 1006:

Which of the following reasons could induce a manufacturer to bypass the wholesaler in the distribution chain?

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A To provide the quantity needed by retailers
B To collect useful information on his product
C To provide warehousing facilities
D To violate government regulation on distribution

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Question 1007:

A major difference between a state-owned enterprise and a private enterprise is that the former?

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A Is not expected to cover its costs of production while the latter is
B Is not always expected to maximize profits while the latter is
C Has shareholders while the latter does not
D Has a board of directors while the latter does not

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Question 1008:

Divorce of ownership from control is a characteristic of?

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A Sole properitorship
B A limited liability company
C Partnership
D A private limited company

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Question 1009:

Capital provided by individuals to the firm by purchasing stocks is called?

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A Debt capital
B Fixed capital
C Circulating capital
D Equlity capital

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Question 1010:

Which of the following factors is the most important in siting a petrol-chemical plants?

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A Nearness to the source of raw materials
B Nearness to the source of power
C Availability of labour
D Proximity to financial institutions

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