Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 4861:

The most important advantage of co-operative societies is

SchoolNGR Classroom

A The increase in the cost of marketing
B The possibility of raising loans for the members
C That members are encouraged to save money
D Their high degree of democracy

View Answer & Explanation

Question 4862:

Economics of scale operate only when

SchoolNGR Classroom

A Fixed cost is variable
B Average cost is falling with output
C Variable cost is less than fixed cost
D Marginal cost is falling with input

View Answer & Explanation

Question 4863:

The demand curve can be derived from

SchoolNGR Classroom

A The marginal utility curve
B The total utility curve
C All of the above
D The cardinal utility theor

View Answer & Explanation

Question 4864:

At the highest level of total utility. marginal utility is

SchoolNGR Classroom

A Positive and falling
B Zero
C Positive and rising
D Negative

View Answer & Explanation

Question 4865:

Advance stage of socialism is referred to as

SchoolNGR Classroom

A Capitalism
B Quasi-socialism
C Communism
D Feudalism

View Answer & Explanation

Stay Updated

Follow us on:

Subjects