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Economics Past Questions and Answers

Economics Questions

Question 4666:
Money could be defined as
  • A Options A, B and C
  • B Medium of exchange
  • C Settlement of debt
  • D Medium of payment
View Answer & Explanation
Question 4667:
Business cycle is associated with
  • A Recession
  • B Unemployment
  • C Seasonal variation
  • D Inflation
View Answer & Explanation
Question 4668:
Economic problem occurs when
  • A There is scarcity relative to demand
  • B All raw materials are imported
  • C Many people are out of work
  • D There are no buyers for our goods
View Answer & Explanation
Question 4669:
A ............ in the price of the domestic currency in terms of a foreign currency is referred to as .............
  • A Decrease, appreciation
  • B Increase, de-appreciation
  • C Decrease, depreciation
  • D Increase, consolidation
View Answer & Explanation
Question 4670:
Among all the determinants of economic growth, the most important one is
  • A Human capital
  • B Increased GDP
  • C Land and Natural resources
  • D Technologies
View Answer & Explanation