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Economics Past Questions and Answers

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Economics Questions

Question 2331:

which of the following reasons is mainly responsible for the inefficient distribution of goods in West African countries?

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A Large number of distribution companies
B Import and export restrictions by the government
C Narrow markets for commodities produced
D Poor transportation and communication system
E Large influence of foreign traders

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Question 2332:

which of the following does not apply to private companies?

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A The number of shareholders is limited
B The liability of shareholders is limited
C Accounts have to be publicized
D The companies are separate legal entities
E Shares are not easily transferable

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Question 2333:

In , Economics the reward for labour is in the form of

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A Wages
B Profit
C Rent
D Dividends
E Interest

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Question 2334:

A nation with a working population that is insufficient to exploit its resources is said to be

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A Over-populated
B Under-populated
C Experiencing decrease population
D Experiencing increasing population
E Having optimum population

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Question 2335:

Which of the following may not be included in explaining the term production?

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A Provision of services
B Manufacture of goods
C Changing raw materials ti finishing goods
D Use of consumer goods
E Making goods available where and when they are needed

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