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Economics Past Questions and Answers

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Economics Questions

Question 2091:

A valid explanation for real wage growth is

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A An increase in the rate of productivity
B The rising cost of capital accumulation
C A contraction of emploment in service industries
D An increase in the quantity of labour

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Question 2092:

If Mr. X lost his clerical job at a store and searched for a similar job for ten months before finding one this implies that Mr.X was

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A Structurally unemployed
B Frictionally unemployed
C Seasonally unemployed
D Cyclically unemployed

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Question 2093:

From the graph above, the price elasticity of demand is

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A Unitarily elastic
B Perfectly elastic
C Perfectly inelastic
D Fairly inelastic

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Question 2094:

From the indifference curve above, consumer will prefer combination

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A F
B S
C M
D K

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Question 2095:

From the graph above, R represents

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A Marginal cost
B Total cost
C Variable cost
D Fixed cost

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