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Economics Past Questions and Answers

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Economics Questions

Question 4161:

The following are reward for factors of production EXCEPT

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A Interests
B Profit
C Rent and commissions
D Rates and deposits
E Wage and salaries

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Question 4162:

Disposable income in national income accounting is an income which

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A Cannot be used again
B Is available for consumption and saving
C Is a available to disabled people
D Must be wasted once and for all
E Pensioners receive from the treasury board

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Question 4163:

One of the function of united nation conference on trade and development (UNTAD) is to

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A Carry out feasibility study for projects in less developed countries
B Increase impact of developed countries over less developed countries
C Increase share of less developed countries in world trade
D Make goods available in developed countries
E Transfer technology from developed to less developed countries

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Question 4164:

The demand for labour in an economy is a depiction of ____________

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A Competitive demand
B Composite demand
C Complementary demand
D Deductive demand
E Derived demand

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Question 4165:

In production, total cost comprises of ____________

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A Averages cost and marginal cost
B Variable cost and averages cost
C Variable cost and fixed cost
D Marginal cost and variable cost
E Fixed cost and averages cost

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