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Economics Past Questions and Answers

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Economics Questions

Question 2526:

The distribution of goods by the price system is distorted when

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A There is a high degree of competition among producers
B Producers and consumers operate freely
C Factors of production are mobile
D No aalowance is made for social costs and social benefits
E There is price control measure in the system

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Question 2527:

An appropriate industrialization strategy in an under-populated country is

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A Import substitution
B Capital intensive
C The contract method
D The use of foreigners in the factories
E Labour intensive

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Question 2528:

The power of trade union may be weakened when there is

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A Optimum population
B A weak government in power
C Over population
D A civilian government in power
E Under-population

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Question 2529:

Malthus' contention is that

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A Population increase in arithmetic progression while food production increased in geometric progresion
B Population increased in geometric progression whil food production increased in arithmetic progression
C Population and food growth rate will, in future, be at par
D Nations have to get enough manpower to cultivate available land for food
E Output from agriculture decreased as more and more of the poorer lands were brought into cultivation

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Question 2530:

The problem of small markets in West Africa can be solved through

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A Separate planning among the West African countries
B Meaningful- co-operation among the West African countries
C Political stability in West Africa
D Imposing of high tarrifs on West African exports
E The central banks of West African countries

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