Economics Past Questions and Answers

The types of unemployment that evolved the use of machines to replaces human labour is known as ____________

To an individual, the term cost will include expenditure on the following EXCEPT

The assumptions of the principles of comparative cost advantage is based on<br/><br/>I. Absence of Trade Restrictions<br/>II. No transport costs<br/>III. Constant technology

When a change in the demand for commodity A leads to a change in demand for commodity B in the same direction, demand for A & B is ____________

In a socialist economic system, decisions relating to the fundamental economic problems are taken by ____________