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Economics Past Questions and Answers

Economics Questions

Question 3211:
A tent-making factory offers
  • A Personal services
  • B Indirect services
  • C Social services
  • D Reflex services
View Answer & Explanation
Question 3212:
In which of the following economic system do we have mostly private ownership of resources and individual decision making?
  • A Capitalist system
  • B Socialist system
  • C Mixed system
  • D Traditional system
View Answer & Explanation
Question 3213:
The sum of items divided by the number of items is the
  • A Frequency
  • B Mean
  • C Median
  • D Mode
View Answer & Explanation
Question 3214:
Find the median of the following set of scores 8,9,6,5,10
  • A 9
  • B 8
  • C 6
  • D 5
View Answer & Explanation
Question 3215:
Which of the following causes the demand curve to shift to the right?
  • A A reduction in size of population
  • B An increase in the income of the buyer
  • C The availability of substitutes
  • D A decrease in price of goods
View Answer & Explanation