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Economics Past Questions and Answers

Economics Questions

Question 3401:
Goods which have to be paid for are known as
  • A Physical goods
  • B Economic goods
  • C Free goods
  • D Intangible goods
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Question 3402:
Goods are said to be in competitive demand when they are
  • A Substitutes
  • B Complementary
  • C Jointly demanded
  • D Identical
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Question 3403:
In the long term run factors of production are considered to be
  • A At maximum
  • B Fixed
  • C Variable
  • D Increasing
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Question 3404:
Which of the following will enhance productivity in an economy?
  • A The use of obsolete capital
  • B Technological change
  • C Expansion of land under cultivation
  • D An increase in the labour force
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Question 3405:
Post harvest losses in West African countries can be reduced if
  • A The land tenure system could be reformed
  • B More irrigation schemes could be provided
  • C Better storage facilities could be provided
  • D Erosion is controlled
View Answer & Explanation