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Economics Past Questions and Answers

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Economics Questions

Question 4316:

The demand for factors of production is said to be ____________

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A Competitive
B Complementary
C Composite
D Derived
E Joint

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Question 4317:

Which of the following is a disadvantage of sole proprietorship?

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A Does not enjoy limited liability
B Decisions are easily made and implemented
C Easy to set up
D Enjoys secrecy
E Maintains dose relationship with workers and customers

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Question 4318:

which of the following measures can be used to control inflation?

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A Decrease in bank rate
B Decrease in taxation
C Deficit budget
D Export drive
E Increase in government expenditure

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Question 4319:

The following methods are used in calculation of National Income EXCEPT

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A Depreciation
B Expenditure
C Income
D Output
E Value added

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Question 4320:

A deliberate government policy to exclude foreign participation in certain economic activity is known as ____________

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A Commercialization
B Indigenization
C Liberalization
D Localization
E Privatization

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