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Economics Past Questions and Answers

Economics Questions

Question 4976:
National income statistics help economists study:
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  • A Changes in economic growth
  • B Climatic rainfall variation
  • C Political party popularity
  • D Sporting event performance
View Answer & Explanation
Question 4977:
If income elasticity is positive, the good is:
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  • A Perfect substitute good
  • B Normal consumer good
  • C Inferior consumer good
  • D Complementary market good
View Answer & Explanation
Question 4978:
One major role of the central bank is:
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  • A Consumer product sales
  • B Financial system supervision
  • C Retail goods production
  • D Agricultural exportation
View Answer & Explanation
Question 4979:
Elasticity of supply is affected greatly by:
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  • A Consumer income changes
  • B Time available production
  • C Distribution of occupations
  • D Government population policy
View Answer & Explanation
Question 4980:
Inflation reduces the value of money because:
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  • A Population declines steadily
  • B Production increases rapidly
  • C Prices rise continuously
  • D Goods become completely free
View Answer & Explanation

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