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Economics Past Questions and Answers

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Economics Questions

Question 2796:

which of the following is not an advantage of tubular presentation of data?

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A Enables easy location of required figures
B Makes for easy comaprison of figures
C Occupy more space than mathematical equations
D Showa wether the figures are increasing or decreasing

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Question 2797:

The problem of scarcity is reduced by

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A Controlling consumption of goods and services
B Producing everything needed by the consumers
C Ensuring efficient allocation of resources
D Restricting consumer choice and tatste

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Question 2798:

The reward for labour is

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A Wage
B Profit
C Rent
D Dividend

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Question 2799:

Which of the following factors of production consists of man made goods?

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A Land
B Labour
C Capital
D Entreprennuer

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Question 2800:

one major function of the entrepreneur is

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A Bearing of risks
B Maximizing profits
C Taking charge of day to day managment
D Determinig the selling price of his products

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