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Economics Past Questions and Answers

Economics Questions

Question 3471:
Economic development may be hindered if there is
  • A A high pool of skilled labour
  • B A high rate of economic growth
  • C Political stability
  • D Rapid population growth
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Question 3472:
Which of the following types of unemployment results from changes in the pattern of aggregate demand ?
  • A Technological unemploment
  • B Stuctural unemployment
  • C Frictional unemployment
  • D Seasonal unemployment
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Question 3473:
Which of the following is not a reason countries import goods?
  • A Differences in natural endowments
  • B The law of absolute advantage
  • C Differences in tastes
  • D The love for other nations
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Question 3474:
Provision of short-term loans to solve balance of payments problems is done by the
  • A International Finance Corporation
  • B International Monetary Fund
  • C Iternational Bank for Reconstruction and Development
  • D African Development Bank
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Question 3475:
West African countries are experiencing worsening terms of trade because
  • A They are primary producers
  • B Their currencies are overvalued
  • C They import less machines
  • D They are tertiary producers
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