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Tuesday, 30 June 2026
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Economics Past Questions and Answers

Economics Questions

Question 4746:
The production stage involving extraction of natural resources is:
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  • A Secondary production
  • B Tertiary production
  • C Commercial production
  • D Primary production
View Answer & Explanation
Question 4747:
Banking, insurance, and transport belong mainly to:
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  • A Extractive production
  • B Tertiary production
  • C Secondary production
  • D Primary production
View Answer & Explanation
Question 4748:
A monetary union usually promotes:
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  • A Labour immobility
  • B Trade restrictions
  • C Exchange rate stability
  • D Export prohibition
View Answer & Explanation
Question 4749:
One major function of money is:
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  • A Medium of exchange
  • B Trade restriction
  • C Labour migration
  • D Population control
View Answer & Explanation
Question 4750:
Which cost concept involves direct cash spending?
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  • A Explicit production cost
  • B Social production cost
  • C Opportunity production cost
  • D Implicit production cost
View Answer & Explanation

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