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Economics Past Questions and Answers

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Economics Questions

Question 2571:

when all factor inputs are doubled , the production possibly curve will

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A Shift from left to right and return to its orignal position
B Shift from left to right
C Remain in its former position
D Shift from right to left

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Question 2572:

income elasticity of demand is measurement of the responsiveness of

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A Price to change in income
B Quantity demanded to change in income
C Change in expenditure to change in income
D Change in expenditure to change in price of the commodity

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Question 2573:

The establishment of industries in rural areas will help to reduce

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A Urban-rural migration
B Urban-urban migration
C Rural-urban migration
D Rural-rural migration

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Question 2574:

Government imposes taxes mainly to

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A Punish the citizens
B Provide social amenities
C Donates to poorer countries
D Execute white elephant projects

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Question 2575:

In a perfect market price and quantity to be bought are determined by the

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A Consumers and retailers
B Producers and wholesalers
C Forces of demand and supply
D Interest of government and producers

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