Economics (2016) | Study Mode

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Question 31
A
Conflict of interest among members
B
Increasing population
C
Weakness in the trade relationship
D
Language barrier
Explanation

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Correct option: A
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Question 32
A
Provision of welfare to the citizens
B
That tax payers bear all the risks
C
Public ownership of shares
D
Individual funding of business activities
Explanation

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Correct option: D
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Question 33
A
Price
B
Satisfaction
C
Cost
D
Revenue
Explanation

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Correct option: B
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Question 34
A
Diversification of the economy
B
Strict immigration law
C
Paying unemployment benefits
D
Restrictive fiscal policy
Explanation

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Correct option: A
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Question 35
A
Derived
B
Composite
C
Competitive
D
Joint
Explanation

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Correct option: D
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Question 36
Economics (2016) Q 36 image
A

Fairly inelastic

B

Perfectly inelastic

C

Unitary elastic

D

Perfectly elastic

Explanation

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Correct option: C
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Question 37
A
Supply of the commodity
B
Availability of the substitutes
C
Price of the commodity
D
Technical know-how
Explanation

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Correct option: C
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Question 38
A
Socialism
B
Capitalism
C
Feudalism
D
Mixed economy
Explanation

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Correct option: A
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Question 39
A
1.25
B
5
C
1.3
D
2.25
Explanation

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Correct option: B
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Question 40
A
Mean and median
B
Mean and standard deviation
C
Range and variance
D
Mode and mean
Explanation

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Correct option: C

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