Economics Past Questions and Answers

The most generally accepted definition of Economics was given by ____________

Which of the following is true about average cost?

Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called ____________

The excess profit made by a firm in a competitive market situation in the short-term is known as ____________

The amount of money required for the day-to-day running of a business is known as ____________