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Economics Past Questions and Answers

Economics Questions

Question 3091:
Productive resources can also be called
  • A Principle of production
  • B Factors of production
  • C Items of production
  • D Labour and material resources
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Question 3092:
production covers all the following except when
  • A Utility is created
  • B A good is manufactured
  • C A commodity is consumed
  • D Individual wants are satisfied
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Question 3093:
Data presented in tables are usually arranged in
  • A Charts and graphs
  • B Rows and columns
  • C Graph and rows
  • D Columns and charts
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Question 3094:
The theory of diminishing marginal utility states that as more units of a commodity are consumed , the
  • A Satisfaction from an extra unit decreases
  • B Satisfaction from an extra unit rises
  • C Satisfaction from an extra units remains constant
  • D Total satisfaction from the goods remains the same
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Question 3095:
which of the following factors does not cause a change in demand
  • A Taste and fashion
  • B Vagaries of weather
  • C Price of other commodities
  • D Price of commodity
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