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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4786:
One reason firms expand production is:
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  • A To eliminate specialization
  • B To achieve economies of scale
  • C To increase production inefficiency
  • D To reduce technological usage
View Answer & Explanation
Question 4787:
Diseconomies of scale may lead to:
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  • A Falling communication problems
  • B Rising average production costs
  • C Improved managerial efficiency
  • D Better labour coordination
View Answer & Explanation
Question 4788:
One advantage of large-scale production is:
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  • A Increased communication failure
  • B Lower average production cost
  • C Higher production wastage
  • D Reduced market efficiency
View Answer & Explanation
Question 4789:
One disadvantage of large-scale production is:
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  • A Management coordination problems
  • B Greater specialization benefits
  • C Improved technical efficiency
  • D Easier access to finance
View Answer & Explanation
Question 4790:
Opportunity cost means:
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  • A Actual money payment
  • B Government taxation amount
  • C Best alternative forgone
  • D Variable production expense
View Answer & Explanation

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