Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 411:

Disposable income is the same thing as

SchoolNGR Classroom

A Personal income minus personal savings
B Personal inome minus taxes
C National income minus depriciation
D Exports minus imports
E Savings plus investments

View Answer & Explanation

Question 412:

Marginal cost is

SchoolNGR Classroom

A Lowest cost of producing goods
B The cost of production of the most efficient firm in the industry
C Cost of production of the most inefficient firm in the industry
D The cost of production of the last or extra unit of goods produced by a firm
E The cost of production at which the minimum profit is obtained by a firm

View Answer & Explanation

Question 413:

Which of the following is not a form of business organization

SchoolNGR Classroom

A A sole proprietorship
B Cartel
C Partnership
D Joint stock
E Cooperative society

View Answer & Explanation

Question 414:

As consumption of beer increases, its marginal utility to a drinker will

SchoolNGR Classroom

A Increase
B Remain constant
C Fluctuate
D Decrease
E Change proportionally

View Answer & Explanation

Question 415:

Which of the following sector of the economy is estimated to be the largest employer of labour in the country

SchoolNGR Classroom

A Construction
B Agriculture
C Distribution
D Mining and petroleum
E Transport and communication

View Answer & Explanation

Stay Updated

Follow us on:

Subjects