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Economics Past Questions and Answers

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Economics Questions

Question 3481:

Which of the following functions of money is mostly affected during inflation?

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A Medium of exchange
B Unit of Account
C Store of value
D Standard of deferred payment

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Question 3482:

Precautionary motive for holding money is to

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A Meet daily and regular transactions
B Take advantage of changes in the prices of goods and services
C Cover unforeseen events
D Cover expenses on house rent

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Question 3483:

Which of the following measures will not encourage industrialization in West Africa?

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A Taking over of all forms of industries by the government
B Provision of social infrastructure
C Giving tax incentives, especially to infant indudustries
D Using tariffs to discourage the use of imported items

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Question 3484:

The concentration of many firms of a particular industry in a particular area is known as

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A Loccation of industry
B Amalgamation of industries
C Localization of industries
D Nationalization of industry

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Question 3485:

Which of the following is not an effect of the discovery of mineral resources in an area?

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A Increase in wealth
B Overcrowding
C Increase in crime rate
D Under population

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