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Economics Past Questions and Answers

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Economics Questions

Question 4656:

The development of an economic hypothesis through intuition, insight, or logic is associated with

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A Deduction
B Policy economics
C Normative economics
D Induction

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Question 4657:

A major factor contributing to productivity is

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A Immigration of young workers
B The labour force
C The baby boom of generation
D The rate of GDP per year

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Question 4658:

.............is presently used in Nigeria to measure inflation

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A GNP implicit price deflator
B Consumer price index
C Wholesale price index
D Real Gross Domestic Product

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Question 4659:

The fundamental problem of is

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A Finding striking determinants between the forces of supply and demand
B The scarcity of productive resources relative to society's unlimited wants
C The establishment of a political framework to determine the what, how and for whom of production
D To establish an equitable distribution of income

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Question 4660:

What is the lowest price the monopolist can charge

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A P2
B P1
C P3
D P4

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