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Economics Past Questions and Answers

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Economics Questions

Question 2806:

Marginal cost can be derived from the

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A Total product
B Total revenue
C Total cost
D Average fixed cost

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Question 2807:

The market supply curve slopes upwards from left to right indicating that

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A At a lower price more is supplied
B Two commodities can be supplied at the same time
C At a lower price, less is supplied
D Producers pay high taxes

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Question 2808:

The term underpopulation refers to a situation where the population is

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A Disperesed over the country
B Small in relation to available resources
C Greater than the available resources
D Concentrated in a few areas

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Question 2809:

West African countries experience rapid population growth due to

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A Existence of birth control clinics
B Early marriages
C Adequate sex education in schools
D Late marriages

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Question 2810:

which of the following could be used to measure the efficiency of labour?

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A Education and training
B Rate of inflation
C Level of unemployment
D Input-output ratio

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