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Economics Past Questions and Answers

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Economics Questions

Question 2171:

in a rapidly growing economy where human labour is being replaced by machines, there is likely to be

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A Classical unemployment
B Frictional unemployment
C Seasonal unemployment
D Residual unemployment
E Cyclical unemployment

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Question 2172:

Distribution is part of production because it

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A Makes goods and services available to the final consumer
B Transport the goods from place to place
C Offers employment to people
D Encourages the provision of good roads, waterways and railways
E Links the consumer with the producer

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Question 2173:

The grouping of a population into males and females is known as the

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A Geographical distribution
B Age distribution
C Sex distribution
D Man-woman distribution
E Occupational distribution

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Question 2174:

which of the following is the most important reason why wages differ among occupations?

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A Length and cost of training
B Supply of labour
C Attractiveness of the job
D Influence of trade unions
E Government decision

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Question 2175:

A legal tender is any

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A Form of money
B Means of exchange authorized by the state
C Commodity generally acceptable as a meduim of exchange
D Total productivity of labour
E Amount of goods and services that the wage can fetch

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