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Thursday, 02 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4871:
Mobility of labour is NOT affected by
  • A Regulation trade unions
  • B Marriage and family
  • C Optimum size of population
  • D Period of training
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Question 4872:
Economic goods are termed scarce goods when
  • A Of primary importance in satisfying needs of a society
  • B Not available in sufficient quantities to satisfy all wants for them
  • C Of high quality
  • D Not produced in sufficient quantities to satisfy the effective demand for them
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Question 4873:
A consumer's decision to purchase more of a
  • A Less of other product(s) will be bought
  • B More of another product will be bought
  • C No product will be bought subsequently
  • D The consiumer is rational
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Question 4874:
One advantage of the Sole proprietorship over other forms of business organisations is that it an
  • A Keep its affairs private
  • B Produce on a very large scale
  • C Make very high profits
  • D Employ many workers
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Question 4875:
Which of the following would not be included in the fundamental principle of a free enterprise economy?
  • A Private ownership of factors of production
  • B Government control factor of production
  • C The right to make private profit
  • D Government encourages competitive capitalism within the legal framework of the country
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