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Economics Past Questions and Answers

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Economics Questions

Question 4026:

Which function of the wholesaler enables him to stabilize prices?

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A Warehousing goods
B Advertising the goods
C Granting credit to retailers
D Transporting goods

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Question 4027:

In the long run, as individuals receive higher wages, it causes ____________

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A Demand for food to decrease
B Demand for leisure to decrease
C Supply of normal goods to decrease
D Supply of labour to decrease

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Question 4028:

Labor productivity is defined as ____________

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A Output per man-hour
B Average Output
C The maximum number of hours Worked
D Total output of labour

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Question 4029:

Which of the following problem has the least effect on agricultural productivity in West Africa?

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A Incidence of pests and diseases
B Unfavourable weather conditions
C Urban-rural migration
D Illiteracy

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Question 4030:

Which of the following is central to the definition of Economics?

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A Resources
B Wants
C Scarcity
D Capital

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