Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 2481:

the actual output of an economy is the output

SchoolNGR Classroom

A Which would exist if al resources were fully employed
B Produced by currently employed labour capital and land
C Produced in the consumer goods sector
D Produced in the capital goods sector
E Produced by agriculture sector

View Answer & Explanation

Question 2482:

one of the instruments of protection of infants industries is the

SchoolNGR Classroom

A Price control board
B Open market operation
C Tarrif
D GDP-deflator
E Multiplier

View Answer & Explanation

Question 2483:

inflation caused by increase in demand can be curbed by

SchoolNGR Classroom

A Exporting more goods and services
B Hoarding of goods
C Increasing the level of output
D Increasing the level of money supply
E Reducing importation

View Answer & Explanation

Question 2484:

which of the following is a function of commercial banks?

SchoolNGR Classroom

A Issuing currencies
B Accepts deposits
C Are the bankers' bank
D Determine the rate of interest
E Increase of time in learning a trade

View Answer & Explanation

Question 2485:

Division of labour leads to

SchoolNGR Classroom

A Employment of everybody
B Decrease in output
C Monotony of work
D Increase of time in workshops
E Increase of time in learning a trade

View Answer & Explanation

Stay Updated

Follow us on:

Subjects