Economics Past Questions and Answers

The sector which contribute highly to the economy is___________

Whatever form an economic system may take, choice is essential for members of the community because resources are__________

Given two substitute goods (X and Y) with demand and supply function;
Qd = 7p - 12
Qs = 4p + 9
Find the magnitude of excess demand when p = #18

The basic and essential economic problems in a community are related to choice and________

One of these is not a problem of agriculture___________