Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 4991:

GDP is an important indicator because it shows:

SchoolNGR Classroom

A Size of domestic economy
B Political stability fully
C Weather conditions yearly
D Population fertility rate

View Answer & Explanation

Question 4992:

Elastic supply usually occurs when:

SchoolNGR Classroom

A Production can increase easily
B Time period remains limited
C Producers lack raw materials
D Goods spoil very quickly

View Answer & Explanation

Question 4993:

Which institution acts as banker’s bank?

SchoolNGR Classroom

A Mortgage institution
B Commercial bank
C Central bank
D Cooperative bank

View Answer & Explanation

Question 4994:

Demand for electricity is commonly:

SchoolNGR Classroom

A Relatively inelastic demand
B Perfectly elastic demand
C Perfectly elastic supply
D Infinite elasticity demand

View Answer & Explanation

Question 4995:

Which relationship exists between bread and butter?

SchoolNGR Classroom

A Independent goods relationship
B Competitive goods relationship
C Substitute goods relationship
D Complementary goods relationship

View Answer & Explanation

Stay Updated

Follow us on:

Subjects