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Economics Past Questions and Answers

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Economics Questions

Question 3301:

The effect of privatization on the industrial sector of a country is that it

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A Ensures efficiency
B Discourages efficiency
C Leads to decrease in output
D Leads to liquidation

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Question 3302:

The production strategy used in an over-populated country is

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A Import substitution
B Capital intensive
C Labour intensive
D First come first employed

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Question 3303:

National income is used to measure

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A A country's population size
B A country's economic growth
C The human level of development
D The flow of imports to a country

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Question 3304:

A tax is regressive if the

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A Rate of tax is constant at all income levels
B Rate of tax decrease as income increases
C Rate of tax increases as income increases
D Tax is direct rather than indirect

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Question 3305:

When a country's net income from abroad is added to its total output, the result is

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A Gross domestic product
B Net national product
C Gross national product
D Net domestic product

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