Search SchoolNGR

Thursday, 02 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 4176:
The distinguishing function of an entrepreneur is _____________
  • A Planning.
  • B Control.
  • C Risk-bearing.
  • D Management.
View Answer & Explanation
Question 4177:
When a commodity market operates without government interference, commodities are distributed through _____________
  • A A government distribution agencies.
  • B The operation of price mechanism.
  • C A central planning committee
  • D Retailers only.
View Answer & Explanation
Question 4178:
One way of obtaining the median of a given data is to ________________
  • A Sum the value and divide by the number of items.
  • B Arrange the data in ascending order and subtract each item from the mean.
  • C Arrange the data in descending order and add each item to the least.
  • D Arrange the data in either ascending or descending order and find what item divides the set in two equal parts.
View Answer & Explanation
Question 4179:
An increase in the rice harvest, all things being equal, may cause ____________ ____________
  • A Price to increase substantially.
  • B Price to fall substantially.
  • C Demand to fall substantially.
  • D Farmer's incomes to be more than doubled
View Answer & Explanation
Question 4180:
The demand for wood and labour is an example of ____________
  • A Effective demand.
  • B Complementary demand
  • C Derived demand
  • D Competitive demand
View Answer & Explanation