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Economics Past Questions and Answers

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Economics Questions

Question 4481:

A shift in supply is caused by the following factors except ____________

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A The price of the goods
B The cost of resources
C The number of buyers
D The technique of production

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Question 4482:

When firms are privatized ____________

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A They are transferred to individuals
B They are made more profitable.
C They are owned by the government but managed by individuals
D Their products are sold to the public.

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Question 4483:

Any type of restncted franchise is a wrolation of the principle of ____________

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A Consttutionalism
B Sovereignty
C Political equality
D Popular election

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Question 4484:

When the demand for a commodity ts inelastic. who bears the greater burden of the indirect tax?

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A The producer
B The goverment
C The retailer
D The consumer

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Question 4485:

The indicator of the value of money in the market is ____________

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A The general pnce level
B Effective supply
C The equilibrium pace
D Effective demand

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