Economics Past Questions and Answers

Separation of ownership of resources and their control is mostly found in a ____________

By passing the middlemen in the chain of distribution can lead to ____________

Two factors which can improve the efficiency of labour are ____________

The study of economics is Important to every society because it ____________

A consumer with $10 needs a dress, a pair of shoes, a handbag and jewelry costing $20, $10, $7 and $3 respectively. The opportunity cost of buying the pair of shoes Is the ______________