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Economics Past Questions and Answers

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Economics Questions

Question 4321:

The following measures used to check deflation EXCEPT

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A Deficit financing
B Improving distribution system
C Increasing wages and salaries
D Raising the bank rate
E Reducing taxation

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Question 4322:

The creation of physical and concrete goods that can be seen and handled is ____________

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A Diminishing returns
B Division of labour
C Industrialization
D Production
E Specialization

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Question 4323:

Which of the following is NOT a contribution of agriculture to industrial development?

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A Provision of food for the industrial sector
B Provision of funds for industrial development
C Provision of raw materials
D Supply of labour to the industrial sector
E Supply of machinery to the industrial sector

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Question 4324:

Branding and packaging of goods Is the function of ____________

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A Brokers
B Consumers
C Manufactures
D Retailers
E Wholesalers

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Question 4325:

The solution to problem of how to produce in a capitalist economy is solved by ____________

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A Combining aid labour means of production
B The producers involves
C Using capital Intensive method of production
D Using labour intensive method of production
E Using the method of production with the least cost

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