Economics Past Questions and Answers

In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?

The supply of and demand for goods and services are influenced by the?

The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?

Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?

A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?