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Economics Past Questions and Answers

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Economics Questions

Question 3046:

when a firm is nationalized ,

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A Former owners are removed without compensation
B It has the right o draw on state funds for capital investment
C It must break even within a specific period
D Workers take control of the firm

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Question 3047:

The practice whereby a business is owned by two or more independent firms is termed

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A Indigenization
B Joint venture
C Commercialization
D Foreign investment

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Question 3048:

The main objective of privatizing a government business is to

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A Create additional employment
B Increase expenditure
C Source for new funds
D Increase the level of efficiency

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Question 3049:

the return of investment that is just sufficient to satisfy the owner of a business is called?

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A Economic profit
B Business profit
C Normal profit
D Excess profit

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Question 3050:

which of the following is a middleman in the chain of distribution?

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A An entrepreneur
B A producer
C A banker
D A retailer

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