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Economics Past Questions and Answers

Economics Questions

Question 3291:
A firm's main aim is to
  • A Survive the business
  • B Maximize profits
  • C Increase its market share
  • D Satisfy the ambition of its managers
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Question 3292:
One good reason for the elimination of middle men is that they
  • A Cause increase in price
  • B Help in price stability
  • C Grade and blend goods
  • D Are too many
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Question 3293:
The increase in population growth in big cities is referred to as
  • A Settlement
  • B Migration
  • C Industrialization
  • D Urbanization
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Question 3294:
Frictional unemployment can be reduced by
  • A Encouraging the use of retaining schemes
  • B Removing barriers to labour mobility
  • C Restricting the introduction of new technology
  • D Lowering the level of wages paid to young people
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Question 3295:
If the labour force of a country is 2.5 million and 2 million are employed , what is the unemployment rate?
  • A 0.2%
  • B 20%
  • C 200%
  • D 250%
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