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Economics Past Questions and Answers

Economics Questions

Question 1036:
THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY
  • A CURVES Z AND Y
  • B CURVE X
  • C CURVE Z
  • D CURVE Y
View Answer & Explanation
Question 1037:
In the diagram above, RTX and STY are the marginal cost and the average cost curves responsively of a perfectly competitive firm. The supply curve of the firm is indicated by
  • A TX
  • B RT
  • C ST
  • D TY
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Question 1038:
Which of the following graphs represents the price-quantity relationship between tea and lemon, if they are perfect complements? choose the answer from the option above
  • A A
  • B B
  • C C
  • D D
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Question 1039:
in market economy, the question of what, how and for whom to produce are solved the
  • A Elected representative of the solved
  • B Planning committe
  • C Price mechanism
  • D Government
View Answer & Explanation
Question 1040:
in market economy, the question of what, how and for whom to produce are solved the
  • A Elected representative of the solved
  • B Planning committe
  • C Price mechanism
  • D Government
View Answer & Explanation