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Economics Past Questions and Answers

Economics Questions

Question 4681:
An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________
  • A Increase; decrease
  • B Decrease; decrease
  • C Increase; increase
  • D Decrease; increase
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Question 4682:
Part-time workers who desire full-time employment are:
  • A Underemployed and contribute to the unemployment statistic
  • B Underemployed but do not contribute to the unemployment statistic
  • C Not part of the labour force and do not contribute to the unemployment statistic
  • D Cyclical unemployment
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Question 4683:
Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
  • A Unemployment will fall
  • B Unemployment will remain constant
  • C Unemployment will increase
  • D Unemployment will fluctuate
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Question 4684:
Indicator of underdevelopment is
  • A High life expectancy
  • B Low birth rate
  • C Low population growth rate
  • D Low per capita income
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Question 4685:
The decision to consume more of one product under normal circumstances will apply
  • A Less of another product will be consumed
  • B More of another product will be consumed
  • C Less of the product will be consumed
  • D No other products will be consumed
View Answer & Explanation