Economics Past Questions and Answers

Using functional relationship in economics QX = f (px, po, y, T); po stand for ____________

Which of the following is NOT an internal dis-economy of scales?

Arrangement of wants in order of importance is brought about by ____________

The decision of whether to use labour or capital intensive techniques in production process is a problem of ____________

The desire to hold cash balances in order to meet expenditures which arises due to unforeseen circumstances is ____________