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Thursday, 09 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2931:
One-man business are popular in West Africa because of all the following except the
  • A Ease of entry
  • B Small capital required
  • C Limited enterpreneur skills needed
  • D Tendency to become joint-stock compsnies
View Answer & Explanation
Question 2932:
Wholesalers are often criticized because they
  • A Help to break the bulk
  • B Finance producers
  • C Increase prices
  • D Provide after-sales services
View Answer & Explanation
Question 2933:
In which of the following business units are the owners mostly customers?
  • A Co-operatives
  • B Limited liability companies
  • C Partnerships
  • D Public corporations
View Answer & Explanation
Question 2934:
information about new goods is passed on to buyers through
  • A Advertising
  • B Retail trade
  • C The manufacturer
  • D Wholesale trade
View Answer & Explanation
Question 2935:
The profit of the producers can be calculated as the
  • A Total cost less total revenue
  • B Average revenue less average cost
  • C Total revenue less total cost
  • D Marginal revenue less marginal cost
View Answer & Explanation