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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3606:
Economics is regarded as a science because?
  • A Its issues can be easily verified by reference to facts
  • B It adopts scientific methods in making its analysis
  • C Its issues are relevant for national development
  • D Its subject matter studies human behaviour
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Question 3607:
the opportunity cost of a worker going to the university is
  • A Tuition, fees and books
  • B Boarding and lodging
  • C The wages given up to attend the university
  • D Transportation and entertainment
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Question 3608:
which of the following items is not an example of circulating capital
  • A Raw material
  • B Money
  • C Fuel
  • D Machinery
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Question 3609:
in a market economy, the problem of what goods to produced is solved primarily by
  • A Directives of the government
  • B The pattern of consumers spending
  • C Producers of consumer goods
  • D People producing what they want
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Question 3610:
if the weight of five puppies in kilograms are 3.5, 3.0, 4.2, 5.0 and 4.3, then mean weight of the puppies is?
  • A 3.5 kg
  • B 4.0 kg
  • C 4.2 kg
  • D 5.0 kg
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