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Thursday, 02 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4881:
When total revenue is at a maximum, marginal revenue is
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  • A Maximum
  • B Positive
  • C Negative
  • D Zero
  • E Constant
View Answer & Explanation
Question 4882:
Basic extractive activities are classified as
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  • A Manufacturing production
  • B Secondary production
  • C Technical production
  • D Primary production
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Question 4883:
The knowledge of Economics enables an individual to
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  • A Derive, maximum satisfaction form the use of his resources
  • B Be investment : conscious
  • C Be careful in the spending of his income
  • D Avoid the purchase of harmful goods
View Answer & Explanation
Question 4884:
The economic system in which resources are privately owned is known as:
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  • A Capitalism
  • B Democracy
  • C Communism
  • D Socialism
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Question 4885:
Which of the following are direct taxes?
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  • A Commodity taxes
  • B Income and company taxes
  • C Tariff duties
  • D Excise duties
  • E Sales taxes
View Answer & Explanation

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