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Economics Past Questions and Answers

Economics Questions

Question 2686:
In a country with ageing population , the total population
  • A Comprises young school leavers only
  • B Comprises mainly women
  • C Is increasing at a low rate
  • D Has reached the optimum level
View Answer & Explanation
Question 2687:
Population growth can be controlled by all the following except
  • A Legalizing abortion
  • B Incentives on immigration
  • C Family planning
  • D Limiting number of children per family
View Answer & Explanation
Question 2688:
Performance of one task in a production process is known as
  • A Specialization
  • B Standardization
  • C Division of labour
  • D Segmentation
View Answer & Explanation
Question 2689:
The cost incurred by using both fixed and variable factors in production is called
  • A Marginal cost
  • B Fixed cost
  • C Total cost
  • D Average cost
View Answer & Explanation
Question 2690:
Consumer buy more of a commodity at a lower price than at a higher price because
  • A Productions like to produce more
  • B In a given situation people like to buy more
  • C Consumers like to show off
  • D With the same amount of money they will be able to buy more
View Answer & Explanation