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Economics Past Questions and Answers

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Economics Questions

Question 2336:

which of the following business establishment are not motivated mainly by profit?

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A Public Limited Companies
B Private Limited Companies
C Holding companies
D Patnershps
E Co-operatives

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Question 2337:

Production is not complete until the

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A Goods gets to the wholesaler
B Goods reached the final consumer
C Factors of production are combined
D Goods are ready for transportation
E Wholesalers ask the firms to produce

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Question 2338:

which of the following is the correct way to calculate total cost?

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A Addition of fixed cost to variable cost
B Division of total cost by total output
C Multiplication of fixed cost by the variable cost
D Subtraction of fixed cost from total cost
E Addition of marginal cost to average cost

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Question 2339:

Robert T. Malthus postulated in his population theory that

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A The death rate may become so high that people may not survive
B People will eventually stop having children
C People will migrate from one place to another in search of food
D Posititve efforts should be made to increase population
E Population growth rate may out-grow the means of subsistence

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Question 2340:

Division of labour may be restricted when

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A An ailing economy has improved
B Producers live in villages
C Market is small
D There is full employment
E There is inflation

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