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Economics Past Questions and Answers

Economics Questions

Question 4611:
An example of transfer payments in national income accounting is
  • A Money transferred to another country
  • B Unemployment allowance paid to the citizens
  • C The amount paid to a worker on transfer
  • D Transfer of funds from one bank to another
View Answer & Explanation
Question 4612:
Increasing national income without effective control of population size in a country can lead to
  • A Higher per capita income
  • B Increase in poverty
  • C Increased outflow of aid
  • D Underutilization of resources
View Answer & Explanation
Question 4613:
An example of commodity money is
  • A Currency note
  • B Mobile money
  • C Cheques
  • D Silver
View Answer & Explanation
Question 4614:
If inflation is anticipated, people may
  • A Save more money
  • B Spend more money
  • C Give out more loans
  • D Spend less money
View Answer & Explanation
Question 4615:
When a generalization is made based on observed facts, it is
  • A Inductive reasoning
  • B Normative reasoning
  • C Theoretical reasoning
  • D Deductive reasoning
View Answer & Explanation