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Economics Past Questions and Answers

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Economics Questions

Question 3446:

A normal supply curve has a positive slope which indicates that

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A Sellers are willing to sell more at a lower price
B Sellers are indifferent to prices
C Sellers are willing to sell more at a higher price
D There is always a fixed supply

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Question 3447:

To control inflation, the central bank of a country may adopt

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A An expansionary monetary policy
B A restrictive monetary policy
C An increased wage policy
D A deficit financing policy

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Question 3448:

Disposable income is the income earned

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A By the nationals of a country resident within the country
B From prouctive activities of nationals of a country both at home and abroad
C When personal income tax is deducted from personal income
D When the gross income of an individual is added to person income tax

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Question 3449:

Livestock production in West Africa is hindered mainly by

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A Inadequate demand
B Use of traditional implements
C Land tenure system
D Pests and diseases

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Question 3450:

The components of a three-sector economy are

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A Banks, schools and hospitals
B Workers, producers and marketers
C Households, firms and the government
D Producers, retailers and wholesalers

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