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Economics Past Questions and Answers

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Economics Questions

Question 4286:

The following determine the level of consumption EXCEPT

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A Expectation of price changes
B Level of income
C Savings
D The rate of taxes paid
E The political climate

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Question 4287:

If the standard deviation of a set of numbers is 3.6, what is the variance?

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A 12.49
B 12.69
C 12.9
D 12.96
E 12.98

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Question 4288:

The recent revolution of Cassava from ordinary food crop to export crop will lead to ____________

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A Decrease in price of cassava flour
B Decrease In production of cassava
C Decrease In production of local starch
D Increase In production of other crops
E Increase in the prices of cassava products

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Question 4289:

The formular (N + 1)/2 is used to determine the ____________

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A Mean
B Median
C Mode
D Standard deviation
E Mean deviation

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Question 4290:

When the total product starts falling, then the marginal product is ____________

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A Constant
B Increasing
C Maximum
D Negative
E Zero

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