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Wednesday, 08 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3051:
A negative effect of the presence of a large number of middlemen in the distributive network is
  • A Greater variety of goods
  • B Greater quality of goods
  • C Lower price of goods
  • D Higher price of goods
View Answer & Explanation
Question 3052:
An example of a producer goods is a
  • A Tin of milk
  • B Hammer
  • C Loaf of bread
  • D Shirt
View Answer & Explanation
Question 3053:
To promote the development of agricultural sector, government of West African countries should
  • A Encourage rural-urban drift
  • B Discourage foreign investment in agriculture
  • C Support the marketing of farm produce
  • D Reduce tarrif of food imports
View Answer & Explanation
Question 3054:
The most important quality of money is that it must be
  • A Relatively scarce
  • B Generally acceptable
  • C Portable
  • D Durable
View Answer & Explanation
Question 3055:
A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is
  • A Transaction demand for money
  • B Precautionary demand for money
  • C Derived demand for money
  • D Speculative demand for money
View Answer & Explanation