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Economics Past Questions and Answers

Economics Questions

Question 3991:
In most developing countries, a large percentage of the labour force is engaged in
  • A Trading
  • B Mining
  • C Agriculture
  • D Manufacturing
View Answer & Explanation
Question 3992:
In most underdeveloped countries, development plans do not achieve their objective due to _____________
  • A Poor coordination between local and national governments
  • B Exportation of more primary products
  • C Lack of educational institutions in those countries
  • D Urban-rural migration of citizens
View Answer & Explanation
Question 3993:
In a period of unemployment and falling prices, the government should adopt a _____________
  • A Zero-based budget
  • B Budget deficit
  • C Balanced budget
  • D Surplus budget
View Answer & Explanation
Question 3994:
Balance of trade involves the exchange of _____________
  • A Goods only
  • B Services only
  • C Goods and services
  • D Goods and capital
View Answer & Explanation
Question 3995:
Devaluation of currency may not correct a balance of payments deficit if the demand for export is _____________
  • A Perfectly inelastic
  • B Perfectly elastic
  • C Fairly elastic
  • D Unitary elastic
View Answer & Explanation