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Economics Past Questions and Answers

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Economics Questions

Question 4301:

Data presented in a circular chart is known as ____________

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

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Question 4302:

Which of the following is NOT a component of agriculture?

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

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Question 4303:

The professional that view cost in term of alternatives sacrificed is the ____________

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A Accountant
B Cashier
C Economist
D Manager
E Tax collector

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Question 4304:

Which of the following is true of a perfect market situation?

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A Price = AR=MC=AC
B Price = DD = MC = AC
C Price = AC = MC = AR
D Price = AR = MR = DD
E Price = MR but MR < AR

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Question 4305:

The best way of presenting data in tabular form is in ____________

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A Bars and columns
B Charts and lines
C Maps and rows
D Pictographs and histogram
E Rows and columns

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