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Friday, 19 June 2026
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Economics Past Questions and Answers

Economics Questions

Question 4196:
For a monopolist, the demand curve is ____________
  • A Inelastic
  • B Perfectly elastic
  • C Perfectly inelastic
  • D Elastic
  • E Unitary elastic
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Question 4197:
Total revenue can be obtained by multiplying ____________
  • A Price by quantity sold
  • B Averages revenue by the demand
  • C Marginal revenue by marginal cost
  • D Average revenue plus marginal revenue
  • E Average cost by variable cost
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Question 4198:
Which of these is NOT a basic economic problem of society?
  • A Efficiency of resource use
  • B For whom to produces
  • C How to produce
  • D Scale of production
  • E What to produce
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Question 4199:
Economic growth is the ____________
  • A Growth in a nation’s life expectancy
  • B Increase in a nation’s population
  • C Rate of increase in aggregate demand in a country
  • D Rate of increase in a country’s full employment and real output
  • E Rate of increase
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Question 4200:
In the demographic transition theory, stage II represents a stage where ____________
  • A Declining birth rates with low death rates lead to little or no population growth
  • B High birth rate with low death rates lead to no population growth
  • C There is population growth due to high birth rates and low death rates at that stages
  • D There is a slow rate of population growth as a result of high birth rate accompanied by high but slightly fluctuating death rate
  • E There is a very high growth as population as a result of high birth rates accompanied by high but slightly fluctuating death rates
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