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Economics Past Questions and Answers

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Economics Questions

Question 466:

When the average physical product curve is rising the marginal physical product is

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A Below it
B Above it
C Falling
D Zero
E None of the above

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Question 467:

The proportion of currency in the money supply

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A Is higher in developing countries than advanced countries
B Is lower in developing countries than advanced countries
C Is the same in both developing and advanced countries
D Grows as the economy develope
E None of the above

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Question 468:

If a government is running deficit, this means

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A A term of trade are unfavourable
B More project cannot be undertaken
C Tax inflow is greater than expenditure
D Aggregate demand is greater than aggregate supply
E Tax inflow is less than expenditure

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Question 469:

Pure monopoly describes market where

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A There are many sellers and a few buyers
B Goods are sold at different price
C Entry is not blocked, but no one cares to enter
D A few sellers and one buyer exist
E None of the above

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Question 470:

Which of the following assets of the commercial bank does not yield revenue?

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A Money in the tills of the bank
B Money at call
C Treasury certificates
D Treasury bills
E Bills of exchange

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