Economics Past Questions and Answers

The trade-off between two commodities along the Production Possibility Curve (PPC) shows ____________

Economic problem arises as a result of ____________

When an increase in the price of a commodity lead to a fall In the demand for aNOTher, the demand for the two commodities are said to be ____________

Production is said to be complete when goods and services gets to the ____________

An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.