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Economics Past Questions and Answers

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Economics Questions

Question 3176:

which of the following is a condition necessary for a perfect market?

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A The goods are heterogenous
B There is preferential treatment
C There is a large number of buyers and sellers
D Buyers and sellers are easily influenced

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Question 3177:

A market in which a single price obtains for a product is known as

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A A product market
B A capital price market
C An imperfect market
D A perfect market

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Question 3178:

what is the effect of pursuit of higher education on the size of labour force?

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A It makes labour force to be defective
B It brings higher wage rate
C It increases the size of labour force
D It reduces the size of labour force

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Question 3179:

The population density of town Y made up of 50 square kilometre land area and 100 million people is

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A 50,000 people per square kilometre
B 0.2 million people per square kilometre
C 0.5 million people per square kilometre
D 2 million people per square kilometre

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Question 3180:

manufacturing involves the process of

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A Making goods available
B Providing finished products
C Changing items to new states
D Producing capital goods only

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