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Thursday, 23 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 156:
The minimum number of share holders for joint stock companies is_______________
  • A 4
  • B 2
  • C 7
  • D 3
View Answer & Explanation
Question 157:
If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then____________
  • A Only the quantity will increase
  • B The prices will remain constant
  • C The equilibrium price and quantity will increase
  • D Only the price will increase
View Answer & Explanation
Question 158:
The basic economic problems of society include___________
  • A Scarcity, for whom to produce and where
  • B What to produce, how and for whom
  • C Scarcity, when to produce and how
  • D How to produce and sell
View Answer & Explanation
Question 159:
In an open economy, the GNP is measured as_____________?
  • A C + 1 + G(X-M)
  • B C + 1 + G
  • C C + 1 + G + X
  • D C + 1 + G + M
View Answer & Explanation
Question 160:
In a developing economy, productivity is measured by the____________
  • A Output - labour ratio
  • B Capital - output ratio
  • C Output growth rate
  • D Output per capital
View Answer & Explanation