Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 4211:

Which of the following is a characteristic of private enterprises?

SchoolNGR Classroom

A Business risks are borne by the buyers
B Capital is provided by the public
C Control and management of the business is in the hands of customer
D The business is owned and run by government
E The main aim of setting up the business is to maximize profit

View Answer & Explanation

Question 4212:

Averages cost (AC) equal to ____________

SchoolNGR Classroom

A AC<sub style='font-size: smaller;'>TC</sub>
B TC<sub style='font-size: smaller;'>AC</sub>
C TC<sub style='font-size: smaller;'>AVC</sub>
D TC<sub style='font-size: smaller;'>MC</sub>
E TC<sub style='font-size: smaller;'>Q</sub>

View Answer & Explanation

Question 4213:

An economy is described as spend-rift if it ____________

SchoolNGR Classroom

A Does not concern itself with savings and investment
B Has a great ability to generate foreign exchange from investment
C Has greater opportunity to receive large income from investment
D Invests in income generating industries
E Has trade connection with other countries

View Answer & Explanation

Question 4214:

Data presented in a circular chart is known as ____________

SchoolNGR Classroom

A Circular chart
B Component chart
C Histogram
D Pictograph
E Pie chart

View Answer & Explanation

Question 4215:

Which of the following is NOT a component of agriculture?

SchoolNGR Classroom

A Crop farming
B Drilling
C Fishing
D Forestry
E Livestock farming

View Answer & Explanation

Stay Updated

Follow us on:

Subjects