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Economics Past Questions and Answers

Economics Questions

Question 4601:
A disadvantage of a jont-stock company is
  • A Unlimited liability
  • B Limited liability
  • C Lack of continuity when a shareholder dies
  • D Limited control in management by shareholders
View Answer & Explanation
Question 4602:
The middlemen is responsible for
  • A Providing research facilities
  • B Purchasing raw materials
  • C Designing the product
  • D Breaking the bulk
View Answer & Explanation
Question 4603:
A major function of the retailer is to
  • A Grant credit to the wholesaler
  • B Break bulk and sell products in small units
  • C Reduce cost of distribution
  • D Generate demand for products through advertisement
View Answer & Explanation
Question 4604:
A positive effect of a rapid population increase is
  • A An excessive budget deficit
  • B A reduction in standard of living
  • C A wider market for goods and services
  • D A higher dependency ratio
View Answer & Explanation
Question 4605:
Which of the following factors may not affect the efficiency of labour?
  • A Education and training
  • B Provision of welfare service
  • C Race and colour of workforce
  • D Quality of other factor inputs
View Answer & Explanation