Economics 2015 | Study Mode

Join Discuss Share to WhatsApp
Question 31
A
Direct
B
Progressive
C
Regressive
D
Proportional
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
Join Discuss Share to WhatsApp
Question 32
A
factory unemployment
B
structural unemployment
C
mass unemployment
D
frictional unemployment
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: A
Join Discuss Share to WhatsApp
Question 33
A
7
B
6
C
5
D
9
Explanation
MP = TP L
= (TP2 TP1) L2 L1
= (55 48 ) (5 4) = 7 1
= 7

Correct option: A
Join Discuss Share to WhatsApp
Question 34
A
commercial bank
B
central bank
C
mortgage bank
D
development bank
Explanation
mortgage bank is a financial institution which grant loans for building purpose.

Correct option: C
Join Discuss Share to WhatsApp
Question 35
A
supply curve
B
liquidity preference
C
Budget line
D
demand curve
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 36
A
Scale of preference
B
Indifference map
C
Demand schedule
D
Supply schedule
Explanation

The correct answer is A

An indifference map represents different quantities of two goods between which a consumer is indifferent. this means that, the consumer has no preference for one combination or bundle of goods over a different combination.

While scale of preference refers to the arrangement or ranking of a consumer wants in the order of imortance or urgency.


Correct option: A
Join Discuss Share to WhatsApp
Question 37
A
two to twenty persons
B
minimum of two and maximum of fifty
C
minimum of seven and no maximum number
D
owner owned by the government
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C
Join Discuss Share to WhatsApp
Question 38
A
Manager Specialization
B
Product specialization
C
Specialization by sex
D
Geographical specialization
Explanation
The types of specialization are product, process, geographical/territorial specialization and specialization by sex or gender. Manager specialization can be categorized under process specialization because it is a situation whereby worker are specialized on a particular production process.

Correct option: A
Join Discuss Share to WhatsApp
Question 39
A
demand and supply are equal
B
demand is greater than supply
C
price is higher
D
supply is greater than demand
Explanation
if demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.

Correct option: A
Join Discuss Share to WhatsApp
Question 40
A
a rise in price of Bournvita
B
an increase in income
C
a tax on cocoa producer
D
a fall in price of Bournvita
Explanation
A shift in demand does not affect other factors except price. Therefore, a fall in price will give room for an increase in demand, increase in demand will make the demand curve to shift to the right.

Correct option: D

Try this quiz in in E-test/CBT Mode
switch to Economics 2015 in CBT Mode

Previous Page Next Page
Question Map
Quiz link
Share Economics 2015 with your audience
Share to WhatsApp CBT mode Study mode copy link
​​​Help keep QUIZZERWEB running! 
A donation makes a contribution towards the costs, the time and effort that's going on in building and improving this platform.