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Economics Past Questions and Answers

Economics Questions

Question 3696:
in order to increase revenue, government should tax commodities for which demand is?
  • A Perfectly price inelastic
  • B Price inelastic
  • C Price elastic
  • D Unitary elastic
View Answer & Explanation
Question 3697:
which of the following activities will not lead to economic growth?
  • A Massive importation of capital goods
  • B Intensive capital formation locally
  • C Use of modern technology
  • D Massive importation of consumer goods
View Answer & Explanation
Question 3698:
the poorer the country, the larger the percentage of labour force engaged in?
  • A Agricultural
  • B Mining
  • C Trading
  • D Manufacturing
View Answer & Explanation
Question 3699:
which of the following measure can be adopted to stabilize the external value of the local currency?
  • A Reduce the volume of export
  • B Increase the demand for imports
  • C Increase domestic money supply
  • D Reduce the demand for imports
View Answer & Explanation
Question 3700:
which of the following is not a measure for reducing balance of payments deficits?
  • A Export drive
  • B Reducing tarriffs
  • C Adding to export goods
  • D Increasing local production
View Answer & Explanation