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Economics Past Questions and Answers

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Economics Questions

Question 2176:

Wages are to some extent determine by the

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A Marginal utility of labour
B Marginal productivity of labour
C Average productivity of labour
D Total productivity of labour
E Amount of goods and services that the wage can fetch

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Question 2177:

Inflation in any economy

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A Has no monetary connection
B Implies a sustained decrease in the general price level
C Always increase the value of national currency
D Tends to redistribute income arbitrarily
E Tends to bring down market prices

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Question 2178:

which of these does not encourage industrial development?

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A Tax exemption
B Provision of financial institution
C Provision of infrastructural facilities
D Limitation of markets for industruial products
E Government direct participation

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Question 2179:

Industry can simply be defined as

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A Many firms producing different products
B A firm or firms producing similar goods and services
C Different firms producing different goods
D Different firms producing equal number of similar goods and services
E Many firms producing unidentical goods and services

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Question 2180:

The reward of a debenture holder of a public company is a fixed rate of

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A Interest
B Return
C Dividend
D Rent
E Allowance

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